Bank unions threaten 2-day strike later this month to protest against merger of Banks
Chandigarh/Dharamshala, Sep 12: Four bank employee unions have given a call for a two-day strike from the midnight of September 25 and an indefinite stir from the second week of November to protest against the mega-merger of 10 nationalised banks, a union leader said on Thursday.
The unions are also pressing for expeditious wage revision, the introduction of the five-day week and other demands.
The strike call has been given by All India Bank Officer's Confederation (AIBOC), All India Bank Officer's Association (AIBOA), Indian National Bank Officer's Congress (INBOC) and National Organisation of Bank Officers (NOBO), the general secretary of AIBOC (Chandigarh), Deepal Kumar Sharma, said here.
Nationalised banks across the country will observe strike from midnight of September 25 to midnight of September 27 to protest merger and amalgamation in the banking sector by the central government and other demands of employees, Sharma said.
He said that the nationalised banks will further observe indefinite strike from the second week of November.
The bank employee unions are demanding expeditious wage revision, immediate introduction of five day week, halting of undue interference in the existing procedure of vigilance cases by outside agencies, settlement of issues pertaining to retirees, adequate recruitment, scrapping of NPS, reduction of service charges for consumers and harassing of officers under specious plea of non-performance, he said.
In the biggest consolidation exercise in the banking space, the government on August 30 announced four major mergers of PSBs, bringing down their total number to 12 from 19 in 2017, a move aimed at making state-owned lenders the global-sized banks.
According to the consolidation exercise, United Bank of India and Oriental Bank of Commerce are to be merged with Punjab National Bank, making the proposed entity the second largest public sector bank (PSB).
Syndicate Bank is to be merged with Canara Bank. Allahabad Bank will be merged with Indian Bank. Andhra Bank will be amalgamated with Corporation Bank and Union Bank of India.
India has seen a merger of six associate banks along with SBI and the Bharatiya Mahila Bank with the country's largest lender in the financial year beginning April 2017.
Following next year, Vijaya Bank and Dena Bank were merged with Bank of Baroda.
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Iran Foreign Minister Araghchi begins 3-day India visit
New Delhi (PTI): Iranian Foreign Minister Abbas Araghchi began a three-day official visit to India on Wednesday, marking the first high-level diplomatic engagement from Tehran since the outbreak of the US-Israel war with Iran more than two months ago.
Araghchi is visiting India primarily to attend a two-day meeting of BRICS foreign ministers beginning Thursday.
The Iranian foreign minister is set to hold wide-ranging bilateral talks with his Indian counterpart S Jaishankar, focusing on the escalating crisis in West Asia.
The situation surrounding the Strait of Hormuz is expected to feature prominently. The Indian side is likely to press for the safe passage of remaining merchant vessels through the strategic waterway, according to people familiar with the matter.
Araghchi and other foreign ministers of the BRICS member states are scheduled to call on Prime Minister Narendra Modi on Thursday.
"A very warm welcome to Foreign Minister of Iran, Seyed Abbas Araghchi, on his arrival in New Delhi for the BRICS Foreign Ministers' Meeting," External Affairs Ministry spokesperson Randhir Jaiswal said on 'X'.
The escalating crisis in West Asia and its impact on the global energy supply chain are expected to dominate deliberations at the BRICS foreign ministers' meeting.
India, as the chair of BRICS, is hosting the conclave of the foreign ministers ahead of the annual summit of the grouping in September.
It will be interesting to see if the foreign ministerial conclave manages to produce a consensus statement on the conflict in West Asia.
Sharp differences among the member states over the US-Israel war on Iran stalled India's efforts to build a consensus position on the conflict during a meeting of the grouping's deputy foreign ministers and special envoys on Middle East and North America last month.
No consensus statement on the conflict could be reached largely due to differences between the United Arab Emirates (UAE) and Iran. The two neighbouring countries have sparred in recent weeks over Iran's alleged attacks on energy infrastructure in the UAE.
"The active presence of the Islamic Republic of Iran in mechanisms such as BRICS represents a strategic choice to strengthen genuine multilateralism, expand equitable cooperation, and participate in shaping a more just order in international relations," Iranian Deputy Foreign Minister Kazem Gharibabadi said on 'X'.
"The BRICS foreign ministers' meeting in New Delhi can be an important opportunity for dialogue on the future of Global South cooperation, reforming international economic governance, developing independent trade, strengthening financial and banking ties, and reducing countries' dependence on discriminatory and unilateral mechanisms," he said.
Gharibabadi said Iran, with its geopolitical, energy, transit, scientific, and human capacities, can play an effective role in the BRICS agenda for balanced development, economic security, regional connectivity, and amplifying the voice of independent countries.
The Iranian deputy foreign minister is in New Delhi for the BRICS meeting.
"In this path, opposition to America's unilateral coercive measures and their illegal and anti-development effects is an inseparable part of defending economic justice and the rights of nations to development," he said.
After the West Asia conflict escalated, Iran urged India, as the current BRICS chair, to leverage its "independent role" to halt the US-Israel hostilities against Iran.
Global oil and gas prices have surged after Iran virtually blocked the Strait of Hormuz, a narrow shipping lane between the Persian Gulf and the Gulf of Oman that handles roughly 20 per cent of global oil and LNG (liquefied natural gas).
BRICS, originally comprising Brazil, Russia, India, China, and South Africa, expanded in 2024 to include Egypt, Ethiopia, Iran, and the UAE, with Indonesia joining in 2025.
It has emerged as an influential grouping as it brings together 11 major emerging economies of the world, representing around 49.5 per cent of the global population, around 40 per cent of the global GDP and around 26 per cent of the global trade.
The BRICS foreign ministers held their last meeting on the margins of the 80th session of the United Nations General Assembly (UNGA 80) in September 2025.
