Nationwide strike by SBI associate banks’ staff affects operations

Clearing operations and other transactions were partially affected in around 5,000 branches of State Bank of India’s (SBI) six associate banks, after employees went on a nationwide strike to press on various demands.

Around 60,000 class III and class IV employees are participating in the nation wide strike, All India Bank Employees Association Joint Secretary Vishwas Utagi announced.

The employees are demanding immediate termination of merger proposals between associate banks with the parent and allowing benefits to associate banks staff at par with SBI employees.