Clearing operations are likely to be affected as over five lakh employees of public sector banks, barring the State Bank of India (SBI), have decided to join the one-day strike called by trade unions affiliated to left parties to protest the government's economic policies. Branch operations at most public sector banks are also likely to be hit. | |
| Employees of the nationalised banks are joining the strike to register their protest against moves to merge public sector banks and permission to outsource some banking functions. |
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| SBI employees are not joining the strike since the industrial action has political overtone. Unions representing officers in the banking sector are not taking part in the strike. |
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| Two left trade unions - the Bank Employees Federation of India (BEFI) and the All India Bank Employees' Association (AIBEA) "" are supporting the strike call. |
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| The employees of Reserve Bank of India (RBI) and regional rural banks would also participate in the strike, AIBEA joint secretary Vishwas Uttagi said. |
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