Operations in some public sector banks likely to be hit on Saturday as union members to go on strike

New Delhi, November 17

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Operations of public sector banks (PSBs) may be impacted as bank union AIBEA has given a strike call for Saturday to oppose incessant outsourcing of jobs.

Although the officers are not part of the strike, there may be some impact on cash deposit and withdrawal, clearing of cheques, etc.

Several banks, including Bank of Baroda and Punjab & Sind Bank, have already informed their customers about the potential impact on services if the November 19 strike materalises.

If the strike materialises, a certain section of the bank’s employees may participate in strike on the said date, in which case, it is likely that the normal functioning of the branches/offices of the bank may get affected, Punjab & Sind Bank said in a regulatory filing on Thursday.

Outsourcing of jobs by some of the banks are putting privacy of customers and their money at risk apart from reduction in recruitment at the lower level, All India Bank Employees’ Association (AIBEA) general secretary CH Venkatachalam said.

Some banks are also indulging in violation of the Industrial Disputes (Amendment) Act, he said.

Even where the labour authorities have intervened, the management has ignored their advice, violated the provisions of the Industrial Disputes Act and forcibly transferred the employees, he added.

Banks are open on November 19 which is the third Saturday of the months. All banks remain open on first and third Saturdays.

Private sector banks would not be impacted by the strike call.