All India Bank Employees Association ( AIBEA ), the largest bank union, and Bank Employees Federation of India ( BEFI ) have called the strike protesting bank mergers and fall in deposit rates.
AIBEA and BEFI said they are opposing outsourcing of regular and perennial nature of banking jobs, privatization of banking industry while demanded adequate recruitment of clerical and sub staff and stringent steps for recovery of mounting bad loans.
With over 22,000 branches, SBI is India’s largest bank while Bank of Baroda has around 9,500 branches and is now the third largest bank after its merger with Vijaya Bank and Dena Bank.