Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleRed Hat
CEO ReviewCompany Review

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.


Pine Labs Reaffirms its Commitment to Indian Payments Space with Qfix Acquisition

HDFC Bank is Qfix's main distribution partner Pine Labs has announced that it has acquired Qfix, a Mumbai-based online payments startup. This acquisi...

Salesforce Expands into Thailand, Opens Office in Bangkok

Salesforce has announced permanent presence in Thailand by launching its new office in the country’s capital, Bangkok. The permanent presence wi...

GMLL is expected to soon add two more stores to its retail arm ‘Price Mantra’

Garment Mantra Lifestyle, a popular name in the Indian fashion retail segment, recently made an announcement that the company is expanding its retail ...

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...