The All India Bank Employees Union has declared that it will go on strike as a protest against the merger of nationalised banks with their associate banks, privatization of banks, and immediate actions for the recovery of the pending loans of Rs. 13 Lakh Crores.
In order to prevent this, a meeting was held between the officials of the central ministry of finance, bank administrators, and the union administrators in Delhi in the presence of the central labour welfare commissioner.
All India Bank Employees Union General Secretary C H Venkatachalam, Bank Administrators Association General secretary S Nagarajan, and the union administrators from the states of Kerala, Karnataka, and Delhi participated in the meeting.
However, the meeting ended in a failure as no accord could be reached.
So, as per their announcement earlier, all employees of the State Bank of India and its Associate Banks will go on a 1-day token strike on 12th July. The employees of other nationalised banks will go on 1-day token strike on 13th July.