Bank employees of all the public, private and foreign sector bank will be going on strike on Friday against the proposed merger of all the associate banks to State Bank of India (SBI) as well as the banking reforms which has been announced by the government recently.

General people may face extensive problems on Friday as over 10 lakh bank employees will be on a nationwide strike.

A nine-bank union organization, United Forum of Bank Unions have been agitating against the banking reforms which has been announced by the government such as privatization of public sector ob banks, privatization of Industrial Development Bank of India (IDBI) bank by reducing the government’s share to less than 49 percent and mergers of public sector banks and mergers of SBI and its associate lenders, reports said.

Reports added that the employee associations are also demanding for strict action against the willful defaulters.

Almost all the banks including SBI have informed the customers about service issues which they might face on July 29 due to the strike at all banks on ‘issue and demand to stop banking sector reforms’.

By Prajakt K.