AITUC backs bank strike against PSBs merger on Oct 22

All India Trade Union Congress (AITUC) on Wednesday said it has extended support to the all India bank strike on October 22, to protest against the government's decision to merge public sector banks.

"We note that All India Bank Employees Association and Bank Employees Federation of India have jointly given the call for all India bank strike on October 22, against the recent decision of the government to merge 10 public sector banks into four banks thus, deciding to close down six important nationalised banks," an AITUC statement said.

The AITUC termed the government's decision as most unfortunate and totally unwarranted.

All the banks who now are facing closures namely Andhra Bank, Allahabad Bank, Syndicate Bank, Corporate Bank, United Bank of India and Oriental Bank of Commerce are well performing banks and have been greatly contributing for our nation's economic development in their respective geographical areas.

All these banks have a long history behind them and all of them have .