10 lakh bankers to hold strike on July 29

Chennai: With conciliation meeting between the United Forum of Bank Unions (UFBU) that has given a strike call on July 29, the Indian Banks Association (IBA) and the central government failing on Tuesday, the strike call stands, said a top leader of All India Bank Employees' Association (AIBEA). In a statement issued here, AIBEA General Secretary C.H.Venkatachalam said while the union representatives put forth their views on the various issuses nothing came out from the side of IBA or government representatives. He said the IBA or the government representatives did not assure or indicate that the government policies would be reviewed and reversed, rather, only sought to justify them. The conciliation meeting was called by the Chief Labour Commissioner (Central), in the Labour Ministry in New Delhi. Representatives of all nine constituent units of UFBU viz. AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW, NOBO, were present in the meeting, said Venkatachalam. "Accordingly, 10 lacs of employees and officers of public sector banks, old generation private banks and foreign banks in more than 80,000 branches all over the country will observe the strike on 29th July, 2016 to express our opposition and protest against these unwarranted banking reform measures," he said.