10 Lakh bank employees to go on strike on 29th July, protesting against unfriendly reforms

Around 10 lakh bank employees, belonging to public and private sectors, have decided to observe a day-long strike on July 29, as a protest against the "anti-people" banking reform policies that the centre has announced.

The United Forum of Bank Unions (UFBU), which consists of nine trade unions across the country, have around 10 lakh bank employees and officers, all of which would be taking part in the strike.

The employees have several demands, including not to privatise public sector banks or to increase private capital in such banks, while also protesting against Foreign Direct Investment in the banking sector.

Other than this, the unions are also opposing move to privatise regional rural banks, co-operative banks, consolidate and merging banks among others, said All India Bank Employees Association (AIBEA) General Secretary C H Venkatachalam.

Image source