SBI employees to go on strike to highlight undistributed funds

November 03, 2010 05:43 pm | Updated 05:43 pm IST - New Delhi

About 2.5 lakh employees of State Bank of India have threatened to go on two—day nation—wide strike beginning November 25 to press for wage related issues.

“We are demanding early disbursal of undistributed amount in respect of SBI employees pending since the wage revision agreement was reached,” All India State Bank Officers’ Federation General Secretary G D Nadaf told PTI.

Besides, the employees are seeking pension revision which has been due, he said.

About 2.5 lakh employees of all cadres including officers of SBI would be participate in the strike, he claimed.

According to All India State Bank Officers’ Federation President T N Goel, there are long pending issues which despite several reminders by unions have not been settled.

“Thus, we have been forced to give a strike call,” Goel said.

The country’s largest bank SBI has about 13,000 branches spread across the country. The bank commands more than 20 per cent of the market share.

Total business of the bank stood at Rs 14.45 lakh crore at the end of March 2010.

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