In the meeting with Union Finance Secretary, Rajiv Kumar, bank unions have decided to call off the two-day bank strike that was planned for this week.
The strike called by bank unions had threatened to shut the banking network for a consecutive four days as the next two days after the proposed strike were bank holidays.
The bank strike has not only affected transaction at bank branches but also badly affected in ATMs. If banks are shut for four days, several ATMs would run dry by the weekend. But now banking activities would not be affected. In the statement, bank union have cautiously used the word ‘deferred’. It signals that they can again give another call for a strike at a later date if their demands are not met.
“Finance Secretary Rajiv Kumar was positive information of a committee consisting of all concerned to address the issues arising out of the proposed merger of 10 banks including preserving the identity of all the banks. An appeal was made to us to revisit our strike call in view of the discussions,” bank unions also added in the statement.
Read EquityPandit’s Nifty Bank Outlook for the Week