Banking services across the country are likely to be affected following a two-day strike call given by All India Bank Officers' Association (AIBOA) from February 20, in support of their charter of demands.
Over 50,000 officers would participate in the strike, which is likely to affect cheque transactions to the tune of Rs 35,000 crore, S Nagarajan, General Secretary of AIBOA, the second largest officers' union in the banking industry, said.
He said that the strike in the banking sector would synchronise with the central trade unions' strike.
Their demands include opposition to bank mergers, regulated working hours, pay parity, restoration of compassionate ground appointments, extension of pension option in IDBI workforce and five-day banking.
He said that the banking industry also supported the 10-point charter of demands of the central bank unions.