'Anti-people' bank reforms: 10 lakh employees to go on strike July 29

Public and private sector bank employees have decided to observe a day-long strike on July 29 to oppose the "anti-people" banking reform policies of the Centre, All India Bank Employees Association (AIBEA) said on Wednesday.

The United Forum of Bank Unions (UFBU) consisting of nine trade unions across the country representing 10 lakh bank employees and officers would observe the strike.

They are pressing for various demands including not to privatise public sector banks and increase private capital in such banks, and also protesting against FDI in banking sector.

Besides, the unions oppose move to privatise regional rural banks, co-operative banks, consolidate and merging banks among others, All India Bank Employees Association (AIBEA) General Secretary C H Venkatachalam said in a statement.

The decision to go on strike was taken at the meeting here organised by UFBU.