All-India bank strike on August 5

The United Forum of Bank Unions (UFBU), the umbrella organisation of nine trade unions, has called for a nationwide strike on August 5, for demands relating to the banking industry.

UFBU convenor Shyamal Karmakar said their demands include non-privatisation of nationalised banks, no reduction of government stake in public sector banks and no merger of banks, among others.

The unions have been in continuous dialogue on these issues, but there has been no response from the management or the Indian Bank Association, he told reporters here today.

If the government persists with this attitude, then the agitation would be intensified, he added.

Source: Business Standard