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Bank officers' strike cripples financial sector
Friday, May 2 2003 13:10 Hrs (IST)

New Delhi: Paralysing the country's financial sector, officers of 26 public sector banks on May 2 went on a nationwide strike in protest against the delay in meeting their demands including an early wage revision.

"Except Bank of Baroda, new generation private banks and foreign banks, over 2.5 lakh officers of 26 PSU banks is observing the token strike today," National Organisation of Bank Officers (NOBO) deputy general secretary S K Rathore said.

All India Reserve Bank Officers' Association did not participate in the strike but lent moral support, he said.

The strike has been called by three leading unions - National Organisation of Bank Officers (NOBO), All India Bank Officers' Association (AIBOA) and All India Bank Officers' Confederation (AIBOC) - Rathore said.

The Indian Banks' Association described the strike as "unjustified".

However, the unions went ahead with their plan to strike as no understanding was reached in the wage negotiations with government till April 30.

PTI

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