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K.R. Srivats

New Delhi, Sept 25 The conciliatory meeting between the management of State Bank of India and the State Sector Bank Employees Association (SSBEA) has failed.

About 25,000 employees of the associate banks of SBI who are affiliated to the All India Bank Employees Association (AIBEA) and All India Bank Officers Association (AIBOA) would go ahead with their planned day-long strike on September 27, sources familiar with the situation said.

The strike call was made in protest against the proposed merger of State Bank of Saurashtra (SBS) with SBI. The boards of both SBI and SBS gave in-principle nod for the merger deal on August 26.

Besides employees of the six associate banks — State Bank of Patiala, State Bank of Indore, State Bank of Travancore, State Bank of Bikaner and Jaipur, State Bank of Hyderabad and State Bank of Mysore, the officers of State Bank of Indore are to take part in the strike.

More Stories on : Trade & Labour Unions | Mergers & Acquisitions | Public Sector Banks | State Bank of India

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