On March 28-29, there is a two-day strike of bank employees’ unions. Due to this strike, the functioning of some branches of RBL Bank is likely to be affected. This thing has been said on behalf of RBL Bank.
RBL Bank has told the stock exchange that its Ratnakar Bank Officers Association and Ratnakar Bank Employees Association are affiliated to All India Bank Officers Association (AIBOA) and All India Bank Employees Association (AIBEA) respectively. The filing on behalf of the bank said, “The employees of the bank belonging to the above unions can participate in the strike. The subject does not pertain to bank level issues.”
According to RBL Bank, it will take all necessary steps for smooth functioning of its branches/offices during the strike days, but it is likely that some of its branches will also be affected after the strike is over.
Reason for the strike: The two-day strike is to protest the privatization of public sector banks and to stop the sale of IDBI Bank to private companies. Apart from this, the unions are also demanding a five-day week between Life Insurance Corporation (LIC) and banks, child care leave, scrapping of the National Pension System and restoration of the old pension scheme, besides removing the discrepancy in dearness allowance. Huh.
