The All India Bank Employees' Association (AIBEA), All India Bank Officers Association (AIBOA) and Bank Employees Federation of India (BEFI) are participating in the strike.
"Lok Sabha in its recently held session has passed three new labour enactments by dismantling existing 27 enactments in the name of 'Ease of Business', which are purely in the interest of corporates.
"In the process, 75 per cent of workers are being pushed out of the orbits of labour laws since they will have no legal protection under the new enactment," the AIBEA said in a release.
The association represents the majority of the banks, except State Bank of India (SBI) and Indian Overseas Bank.
It has four lakh bank employees from various public and old private sectors and a few foreign banks as its members.
"If strike materialises, the normal functioning of the bank branches and offices is likely to be affected. The bank is taking all necessary steps to minimise the impact of strike so as to provide the normal banking services to its customers," the Bank of Maharashtra said in a filing.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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