The banks will remain closed for three consecutive days from March 27. This is because the fourth Saturday of the month is on March 28 and Sunday on March 29. So, for three days, customers will not be able to do any work of the bank. You may face many difficulties in the meantime.
The strike has been called against the bank's merge. It may be recalled that on Wednesday, the central government had finally sealed the decision to make four of the 10 public sector banks. The decision will come into effect from the next one April. The decision was taken at a cabinet meeting held on Wednesday under the chairmanship of Prime Minister Narendra Modi, and the next day two major unions in the banking sector announced the strike.
Earlier on March 11, the unions had also announced a three-day countrywide strike. But later on, the bank employees avoided the strike. The organization said it was decided to postpone the strike due to positive progress in the meeting held with the Indian Bank Organisation (IBA) in Mumbai. The strike was called by the United Forum of Bank Unions, a group of banking sector employees' organizations.
We would like to inform you that the Government had decided to merge 10 public sector banks into four banks in August last year. United Bank of India and Oriental Bank of Commerce are to be merged with Punjab National Bank. After this merger, PNB will become India's second largest bank from April one this year. In addition, Syndicate Bank is to merge Canara Bank and Allahabad Bank with Indian banks. Similarly, Andhra Bank and Corporation Bank will be merged with Union Bank of India.
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