Public sector bank employees in India will go on a nationwide strike on September 7 to protest against the issue of new licences to private sector banks. India’s central bank, Reserve Bank of India (RBI), is proposing new banking licenses to loosen the state’s grip on the financial sector.
“Around 10 lakh (1 million) employees of 27 public sector banks, 18 foreign banks, 26 private banks, 82 regional rural banks and 1,721 co-operative banks will participate in this strike,” All-India Bank Employees Association’s (AIBEA) General Secretary, Vishwas Utagi, said.
They also demand an increase in the number of public sector bank branches, from 40,000 to 100,000. “When the RBI is talking about financial inclusion, there is need to increase the number of branches,” he said.
Besides state-owned bankers, nearly 4.4 million employees, including those from organised and unorganised sectors and industries would be participating in the strike.
“Employment, which a major concern for the employees, is also on our priority list of demands from both Central as well as State Governments,” Utagi added.
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