PSU banks on strike: Here's how you'll be affected ahead of Christmas

Given that the public sector banks alone control 75 per cent of the total business in the country, the public is sure to face some inconvenience

A union of public sector bank officers has called for a strike Friday, demanding immediate wage revision and protesting merger of state-owned banks. The strike call given by the All India Bank Officers' Confederation (AIBOC) is expected to hit banking operations across the country. 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. 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."

Besides, the union has also