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Banks to strike work on Oct 1

India's largest banking trade union has called for a strike on October 1 to protest against a Japanese bank's closure of a branch in India and its dismissal of 67 employees, union officials said on Friday.

"The closure of Bank of Tokyo-Mitsubishi Ltd branch at Kolkata and simultaneous summary dismissal of 67 employees on August 6 are in blunt violation of the laws of the land," said a recent letter from the All India Bank Employees Association to the chief of the Indian Banks' Association.

Senior officials at the Bank of Tokyo-Mitsubishi in India were not available for comment.

More than half of an estimated 900,000 bank employees in the country are members of AIBEA, and traders said the strike was likely to disrupt trading in the currency and government bond markets.

The Indian Banks' Association is a grouping of bank managements.

The United Forum for Bank Unions, an umbrella organisation of all bank trade unions in India will also support the strike, said Rajan Nagar, general secretary of the Bengal Provincial Bank Employees Association, a provincial unit of the AIBEA.

Bank of Tokyo-Mitsubishi has a limited presence in India, with branches only in Mumbai, New Delhi and Chennai.

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