PSU bank officers' union to go on strike Friday

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A union of public sector bank officers has called for a strike on Friday, demanding immediate wage revision and protesting merger of the state-owned banks.

The strike call given by the All India Bank Officers' Confederation (AIBOC) expected to hit banking operations across the country. However, private sector banks would continue their usual business as they are not part of the strike.

Most of the banks have already informed their customers about the strike and its impact on their normal banking operation.

The United Forum of Bank Unions (UFBU), an umbrella body of the top nine bank unions, has also decided to observe a strike on December 26.

Taking into account these two days of unions' strike and other holidays, banks would be closed for most of the extended Christmas weekend. So, most bank branches will be open only for a day between this Friday and next Wednesday. Till December 26, there are three holidays -- fourth Saturday on December 22, then Sunday and then Christmas on Tuesday.

AIBOC joint general secretary Ravinder Gupta said, "We have demanded wage revision based on the minimum wages formula without linking to profits or paying capacity."