No bank strike on July 12, 13

Chennai, July 11 (IANS) The two-day strike call given by major unions in the banking sector have been deferred following an restraint order by the Delhi High Court, said a top leader of All India Bank Employees’ Association (AIBEA).

“In view of the Delhi High Court restraint order, our strike on 12th and 13th July stands deferred,” said AIBEA General Secretary C.H.Venkatachalam.

The unions in the banking sector had given the strike call protesting against the merger of the five associate banks of State Bank of India (SBI) with SBI and privatisation of IDBI Bank.

The union is opposed to the government’s decision to merge State Bank of Bikaner and Jaipur (SBBJ), State Bank of Travancore (SBT), State Bank of Patiala (SBP), State Bank of Mysore (SBM) and State Bank of Hyderabad (SBH) with the SBI.

–IANS

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