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Bank unions to observe nationwide strike on Thursday against government's 'anti-labour policies' and privatisation bid

Ten central trade unions, barring Bharatiya Mazdoor Sangh (BMS) will go on a one-day long nationwide general strike on November 26.

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Bank employee unions across the country, including All India Banks Employees' Association (AIBEA), All India Bank Officers Association (AIBOA) and Bank Employees Federation of India (BEFI) have called for a one-day nationwide strike on Thursday to protest the so called government's 'anti-labour policies' and privatisation bids.

Ten central trade unions, barring Bharatiya Mazdoor Sangh (BMS) will go on a one-day long nationwide general strike on November 26.

The AIBEA in its official statement said, 'Lok Sabha in its recently held session has passed three new labour enactments by dismantling existing 27 enactments in the name of 'Ease of Business', which are purely in the interest of corporates. In the process, 75 per cent of workers are being pushed out of the orbits of labour laws since they will have no legal protection under the new enactment.'

The AIBEA, has four lakh bank employees from several public and old private sector banks and few foreign banks as its members and it represents majority of the banks except State Bank of India and Indian Overseas Bank.

In Maharashtra, around 30,000 bank employees across 10,000 branches of public sector banks, old generation private sector banks, regional rural banks and foreign banks are observing the strike.

Banks like the Punjab and Sindh Bank have taken necessary steps to ensure that essential banking services are not hit due to the strike, the public sector bank said in a regulatory filing.

The trade unions will also emphasize on some of their other demands including opposition to bank privatisation, opposition to outsourcing and contract system, adequate recruitment, stern action against big corporate defaulters, increase in the rate of interest on bank deposits and reduction in service charges.

'The present government is pushing its agenda of privatisation in the name of 'Aatmanirbhar Bharat', and is resorting to large scale privatisation in the core sector of the economy which includes banking,' the AIBEA press release said.

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