The Hindu Business Line : Bank unions call for strike on August 20

Coimbatore, July 18 The All India Bank Employees Association (AIBEA) has given a call for an all-India strike on August 20 to press its demands against privatisation attempts in banks, mergers and consolidation, and the unrestricted entry of foreign direct investments in banks, among other things.

Both the officers and the staff unions commenced the campaign from July 19, coining ‘Bank Nationalisation Day’ as ‘Save Public Sector Banks Day’.

The month-long rallies and dharna organised to highlight these issues are expected to culminate into a strike on August 20. The unions’ demands include opening more branches in unbanked rural areas, curb on extension of credit for speculation and stock market operations, extension of farm credit at 4 per cent and increase in the interest rate on savings deposit.

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