Banks to go on strike on Monday

New Delhi, Feb 27 (KNN) The All India Bank Officers' Confederation (AIBOC) has called a nationwide Bank strike on Monday – February 29 -  the day when the Union Budget for the year 2016-17 will be presented by Union Finance Minister Arun Jaitley.

The strike is called against the termination of Mohanan who is the President of AIBOC, Kerala unit and General Secretary of Dhanalakshmi Bank Officers' organization

He was terminated from service by invoking 'draconian clause 14(1)' of the service regulations without quoting any reason. Several rounds of talks to resolve the issue had failed to yield results.

However, reports are coming that State Bank of India’s (SBI) few members can join the strike on Monday.

Many banks including Bank of Baroda, Canara Bank  and Andhra Bank   have also issued advisory informing about strike call and inconvenience to customers if it materialises. (KNN Bureau)