Banks functioning may be affected if strike materialises

Two public sector lenders, State Bank of Mysore and United Bank of India, today said in their normal banking operations may get impacted in the event of strike on September 2 as proposed by trade unions.
State Bank of Mysore in a BSE filing said the Indian Banks' Association (IBA) informed about workmen unions serving a notice to go on all India bank strike, for one day on September 2.
"In the event of the proposed strike materialising, the functioning of the bank would be impacted," it said in the filing.
United Bank of India informed BSE that in support of certain industry level demands certain employee associations have served a notice to IBA for a strike on September 2.

"The bank is taking all necessary steps in terms of the existing guidelines to deal with the strike in the event the strike materialises," it said in the filing.
Most of the central trade unions have pressed to go ahead with a day's strike on September 2, after two round of talks with government earlier this week could not reach to a solution to avert the strike.

Earlier this week, an inter-ministerial panel headed by Finance Minister Arun Jaitley had met with representatives of trade unions to discuss their 12-point charter of demands on labour issues.
Initially a total of 11 central trade unions, including BJP-backed Bharatiya Mazdoor Sangh (BMS), had given a call for one-day strike on September 2 to press for their demands.

However, in a latest development today, following a meeting of trade unions among themselves yesterday and its own meeting of core committee, the BJP-backed Bharatiya Mazdoor Sangh (BMS) pulled out of the strike call saying it is not the best way out in view of the government's assurances on various demands.
The government in its meeting with trade unions have assured them on various counts including mandatory minimum wage payment across sectors, hike in bonus limit, widening scope of EFPO and insurance schemes.