MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

Banking services will be affected as banks go on a two-day strike

Banking services will be affected as banks go on a two-day strike

Many Banking servicesand even ATMs will be closed due to a nationwide bank strike. Banks will go on a two day strike as several bank employees’ unions have declared a nationwide strike. Banking services were recently hit on January 8 as the bank employees joined “Bharat Bandh”.

The parliamentary sessions of the Union Budget are beginning today and the Union Budget for 2020-2021 will be unveiled by the Finance Minister Nirmala Sitharaman on February 1. The United Forum of Bank Unions (UFBU) had called the strike because the UFBU is an umbrella body for nine bank unions including the All India Bank Officer’s Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organization of Bank Workers (NOBW),

Since November 2017, employees of public sector banks had been asking for a wage revision. The major demand wasthat the pay slip components be hiked by 20 percent with adequate loading. Other demands include scrapping of the new pension scheme, a 5-day work week, etc.

A 3-day bank strike from March 11 is set to follow the current strike. An indefinite All-India bank strike would commence from April 1, if the demands aren’t met.

YOU MAY ALSO LIKE

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...

Business Travelers to Stay at Singapore’s Changi Airport Bubble

Singapore’s open economy depends heavily on tourism and business. But its vibrant but small economy has been hurting as the circumstances due to...

Countries in Asia-Pacific are marching towards ‘green recovery’ amidst Covid-19 crisis

2020 has been an unforgettable year for many of us. The ongoing Covid crisis has reminded people that it is very important to have an uninterrupted an...

Department of Telecommunication to announce the new schedule for 5G trials

Department of Telecommunications (DoT) is all set to announce the new schedule for 5G trials. The Dot made this decision after being pulled by the par...

RECOMMENDED