Bank employees plan strike on Dec 16

Bank employees are planning to go on strike on December 16 during the Parliament Session against banking sector reforms such as privatisation of public sector banks (PSBs) and closure and merger of associate banks/other PSBs with State Bank of India.

All India Bank Employees Association and the All India Bank Officers Association, which called for the strike, said bank employees and officers in public sector banks, private banks and foreign banks will observe an all-India strike on December 16.

"The strike has been called to stop the banking sector reforms such as privatisation of PSBs and the amendments in Banking Regulations Act to allow full voting rights to foreign investors in the banking sector.