The United Forum of Banking Unions (UBFU), representing employees of public and private sector banks, has decided to observe a one-day nationwide strike on December 18.

The UBFU is demanding a wage revision and is protesting against the proposed banking reforms – that seeks to grant licences to foreign banks.

According to the Unions, the entry of foreign banks will make the sector unviable thereby paving way for takeovers.

(This article was published on December 16, 2013)
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