SBI employees on indefinite strike

      New Delhi: The State Bank of India (SBI) Staff Association and Officers' Association have gone on an indefinite countrywide strike from today. The strike comes in the wake of the Centre failing to address the pension-related demands of the employees. The employees on strike have demanded an upward revision of pension and family pension for the 2.10 lakh employees and officers of the SBI. Sources said that the last revision of pension was made in the year 1992. Staffs were then entitled to draw an amount of Rs 4, 250 in addition to admissible Dearness Allowance and other allowances. After the revision in the basic salaries of the employees, the associations are now pressing for increasing the pension amount, which will be 50 percent of last basic salary drawn.

    The strike called by the two associations is likely to affect call money and foreign exchange markets since the bank plays an important role in the two areas, besides adversely affecting lakhs of customers across the country and also the other banking operations and services. The strike might halt transactions in 9,000 branches and 90 percent clearing houses of the bank across the country while about 8,000 ATMs, including 5,500 of the SBI alone, will also get affected. SBI offers the convenience of over 5, 500 ATMs in India, the largest network in the country.

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