Bank unions to resume stir

By Our Special Correspondent

NEW DELHI, DEC. 13. Bank unions have decided to resume their agitation and call for a strike around December 20, following introduction of the Banking Companies (Amendment) Bill in Lok Sabha today to reduce Government equity in public sector banks to 33 per cent.

In a statement, a senior leader of the United Forum of Bank Unions (UFBU), Mr. Tarakeshwar Chakraborti, said that in pursuance of its commitment to the World Bank, the IMF and the World Trade Organisation the Centre had gone ahead and introduced the Bill ignoring protests by all opposition parties.

``In terms of the UFBU standing decision there shall be another all-India bank strike immediately now and it is likely to be around December 20,'' he said.

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