PSU bank employees to strike work on Wednesday

News Flash

Madoff sons reported jewellery violations to U.S.
To seek $2.5bn worth damages from Kuwait for breaking deal
ISM Non Manufacturing Index at 40.6
Pending Home Sales Index down 4% to 82.3
Factory sales fell 5.3% in Nov, biggest drop on record
High price to affect 3G bids: Sunil Mittal
Not desperate to enter 3G: Akhil Gupta
Oil officers strike not to affect ONGC, Oil India output
PSU oil officers strike not to hit ops of most refiners
Crude futures higher; breaches $50/bbl in day trade
Urgent OPEC meeting to take place in Kuwait, in Feb
IL&FS Trust: Sold 24.52 million shares (3.6%) since Dec-23
47% of the current promoter stake pledged with lenders
Satyam promoters holding down to 3.60% vs 5.13% earlier
Oct-Dec crude steel output at 1.5MT, up 17% (YoY)
Tata Steel sales decline 14% to 1.07MT
India likely to send representative for OPEC meet in Feb
SRSR Holding's stake down to 3.5% vs 5.13% in Satyam
Goldman Sachs cut China GDP forecast to 6%
Saregama India gets into big budget film production
Weak Q3 earnings reflecting current stock prices
Crude futures higher;breaches $50/bbl in day trade
Urgent OPEC meeting to take place in Kuwait in Feb
Strike not to hit operations of most refiners
Strike not to affect ONGC, Oil India output
December exports to fall 1.6% (YoY): Sources
Apr-Dec exports at $130bn vs $113bn (YoY): Sources
India FY'09 export seen at $175bn: NW
Rupee closes at 48.69/$ vs 48.56/$ on Monday
Meet to discuss the demand supply situation: Sources

Updated: 20/08/2008 | 01:05 AM IST

Top Stories

Indo Asian News Service

Wednesday, August 20, 2008 (New Delhi)

Blog

Comments:

Read (0)

Post

Rate the story

Employees of all state-run banks will strike work on Wednesday to protest against privatisation and merger of public sector banks.

The All India Bank Employees Association (AIBEA), the All India Bank Officers Association (AIBOA), and the Bank Employees Federation of India (BEFI) have jointly called the strike.

"Since the government has been insensitive to our long pending demands, we are constrained to go on strike," said AIBOA (Delhi State) general secretary Satyendra Singh Shishodia.

About 80,000 employees of the State Bank of India (SBI) and its seven associate banks went on strike Monday in protest the government's decision to merge the State of Saurashtra with the SBI.

The bank employees are demanding a ban on foreign investment in the banking sector, an increase in interest rates on savings deposit, control on price rise, and plugging credit for trading in food grain.

"The skyrocketing prices adversely impact economy which is managed by the banking institutions. It is the bank which suffers in the long run if inflationary trends are not curtailed," Shishodia said.