SBI employees threaten to go on strike on Budget Day

In a filing to the BSE, State Bank of India reported that some officers are threatening to go on strike on February 29, the day when Finance Minister Arun Jaitley will present the Union Budget proposals for 2016-17.

It reported that the "All India State Bank Officers' Federation (AISBOF) being affiliated to AIBOC, will also participate in the strike."

AISBOF claims to represent over 90,000 officers of SBI and its five associates namely State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, and State Bank of Travancore.

All India Bank Officers Confederation (AIBOC) has threatened to go on strike to protest termination of P V Mohanan, General Secretary of Dhanlaxmi Bank.

AIBOC General Secretary Havinder Singh had recently said that members of the Confederation will go on one-day nationwide strike on February 29 as Mohanan, who is also AIBOC's Kerala State President, was terminated from the services of Dhanlaxmi Bank invoking draconian clause.

According to Singh, the association has about 2.75 lakh officers as its members. Many banks including Bank of Baroda, Canara Bank and others have supported the call.