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News Details

AIBOC calls for one day bank strike on Feb 29

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22/02/2016 12:35
Bank of Baroda said the All India Bank Officers Confederation (AIBOC) has given a strike notice for a one day national strike on February 29, 2016 against various issues and demands.

In a filing to the Bombay Stock Exchange, the Bank said, “The Bank have been informed by Indian Banks' Association vide letter dated February 18, 2016 that All India Bank Officers Confederation (AIBOC) has given a strike notice dated February 11, 2016 stating that the members affiliated to their Association would observe a one day strike on February 29, 2016 on various issues and demands.”

The Bank further said that, “The concerned association has around 119 members in officer’s cadre in the Bank. Most of the Association members are from DMR-1, DMR-II and Indraprastha region of north zone. In the event of AIBOC proceeding on strike on 29th February, 2016, there will not be major impact on functioning of branches.”

However, the Bank assured that, it is taking all necessary steps in terms of the existing guidelines for smooth functioning of Bank’s branches/offices on the day of strike, in the event the strike materializes on February 29, 2016.

Meanwhile, shares of the Bank were trading at Rs 137.40 apiece, down 1.58 per cent, from previous close on BSE at 12:34 hours.