Employees of the public sector banks will go on a nationwide strike on September 7 to protest against the issue of new licences to private sector banks.

“Around 10 lakh employees of 27 public sector banks, 18 foreign banks, 26 private banks, 82 regional rural banks and 1,721 co-operative banks will participate in this strike,” All-India Bank Employees Association general secretary Vishwas Utagi said.

They also demand an increase in the number of public sector bank branches, through expansion from the present 40,000 to one lakh.

Besides state-owned bankers, nearly 44 crore employees, including those from organised and unorganised sectors and industries would be participating in the strike, he said.

“When the RBI is talking about financial inclusion, there is a need to increase the number of branches,” he said.


Unions' all-India stir on TuesdaySeptember 4, 2010

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