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"While the bank has made necessary arrangements to ensure normal functioning in its branches and offices on the days of strike, it is likely that work in our bank may be impacted," SBI said.
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Over years, bank employee trade unions may have lost their earlier influence over employees but these organisations continue to have a big say in banking industry.
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The unions had threatened to go on strike protesting against staff layoffs, outsourcing in banks, and delay in implementing wage revision in some banks, among other issues.
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Nearly 900,000 bank employees will go on a day’s strike this month to press demands for a five-day workweek
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As many as 10 central trade unions have been observing a two-day nationwide strike since March 28. The impact on public life has been partial
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We have announced a Public Enterprise Policy, where we have identified four areas where public sector presence will be there, in this, financial sector too is there. Not all banks are going to be privatised, said Finance Minister Nirmala Sitharaman.
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Rahul Gandhi also accused the government of "privatising profit" and "nationalising loss". "Government of India (GOI) is privatising profit and nationalising loss. Selling PSBs to Modicronies gravely compromises India's financial security," Gandhi tweeted.
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The United Forum of Bank Unions (UFBU), an umbrella body of nine unions called for a bank strike across the country on March 15 and 16.
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The two-day bank strike announced by the bank unions is likely to be followed up by indefinite strikes, according to union leaders. The government will have to carefully make its moves.
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Bank strike in India on November 26: Certain banks like the Punjab and Sindh Bank have reportedly taken necessary measures to ensure that essential banking services are not affected.
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Services such as cheque clearances, cash deposit, cash withdrawal and loan disbursements at bank branches could be affected during the strike.
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SBI notifies clerk recruitment, RBI widens payment options for FASTag
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"The membership of our bank employees in unions participating in strike is very few, so the impact of strike on Banks operation will be minimal," SBI said in a filing to stock exchanges last week.
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The move by the two employee unions is largely a protest against the recent mergers of 10 public sector banks (PSBs)and the dipping rates on deposits, they said a joint statement.
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However, the country's largest lender, the State Bank of India (SBI) has said in a notice to the exchanges that the impact of the proposed strike on its operations is expected to be minimal.
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At least four bank employees' unions have threatened to go on a two-day strike ahead of the weekend
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The IBA could meet the unions on June 12 to restart wage negotiations. Bank unions are demand a 15% percent as opposed to the meagre 2% offered to them.
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The nationwide strike called upon by nine bank unions on Tuesday saw major participation of nearly 10 lakh employees and officers of public sector banks across 10,300 branches in the country.
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In the week gone by, banking sector was relatively less buzzing than the previous weeks as smaller news trends of non-performing assets (NPAs) and retail segment, interest rate reduction by banks and push by the Reserve Bank gained focus
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One million bank employees and officers in all the Banks will observe a strike on August 22, 2017.
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On February 28, cheque clearances and cash transactions will be crippled while ATMs are likely to be exhausted of cash after the morning hours as over nine lakh bank officers and staff are set to observe one day strike on a call by the United Forum of Bank Unions (UFBU), consisting of nine unions in the banking sector.
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Operations at public sector banks may be hit on Tuesday as most unions under the aegis of UFBU have threatened to go on strike to press for various demands, including accountability of top executives in view of mounting bad loans in the banking sector.
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Dealers are bracing for low volumes across all markets in India on Wednesday as unions at most banks have called for a nationwide strike that is expected to leave trading rooms with minimal staffing but not shut down activity altogether.
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The Indian Banks' Association which is the industry body of banks has agreed to offer a 10 percent wage hike which is an outgo of over Rs 3000 crore for PSU banks.
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Banking operations have been affected across the country today with employees of public sector and old private sector banks going on a day-long strike in protest banking sector reforms.
