SBI staff strike enters fourth day
Hyderabad, April 6, 2006The indefinite strike by the employees and officers of the State Bank of India (SBI) entered into fourth day. SBI is the largest public sector bank in India with near over 9000 branches and more than two lakh employees on its rolls and doing nearly 30 per cent of the banking operations in the country. The employees went on an indefinite strike for three times in the history of bank.
This time, the strike is meant for better pensions. VK Gupta, Vice-President of SBI Employees Union said that they had talks with the Chairman of the bank and were inconclusive. He said that the standard pension which has remained at Rs. 4250 per month for the past decade. The bank is transacting thirty per cent business in the entire banking industry. Financial experts opine that if the strike continues, the economy will be at stake. Right now, the impact of the strike is clearly visible causing much trouble to the common person and all the clearing operations have come to a halt.
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