New Delhi: Officers’ unions of public sector banks have deferred the proposed two-day strike following an assurance from the Government of India’s Finance Secretary Rajiv Kumar to look into their concerns. Four unions of bank officers had threatened to go on a two day strike from September 26 to protest against the consolidation of 10 state run lenders into four.

 

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“In view of the consideration of the positive and workable solution by the Finance Secretary, the 48 hours strike stands deferred,” a joint statement by the four banking organisations. As a result, normal banking activity would not be affected.

 

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 The Indian Banks’ Association (IBA) had informed SBI that the All India Bank Officers’ Confederation (AIBOC), All India Bank Officers’ Association (AIBOA), Indian National Bank Officers’ Congress (INBOC) and National Organisation of Bank Officers (NOBO) had given a call for a pan-India strike by bank employees on September 26 and 27, 2019.