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Indian Bank, State Bank of India, Private Banks' Staff Begin Two-day Strike Against Reforms-Reuters

Tuesday, 21 Aug 2012 02:14pm EDT 

Reuters reported that Indian Bank employees began a two-day strike on August 22, 2012 to protest against proposed reforms that would ease mergers and allow more private capital, including foreign investment, in the banking sector. The strike will involve about one million employees and affect 70,000 bank branches of state-run and some private and foreign banks including State Bank of India. 'We are not against reform, but these are reforms against the public sector banks,' Vishwas Utagi, secretary of All India Bank Employees Association told Reuters. 

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