SBI officers to delay nationwide strike

SBI officers to delay nationwide strikeThe State Bank of India (SBI) has said that the nationwide strike called by a union body of the bank's officers has been delayed.

All India State Bank Officers Federation had earlier sent a notice to the State Bank of India informing the management about a two-day nationwide strike. The bank had not explained the reasons for the strike but said efforts are underway to avert the strike.

The country's largest lender had warned that the customer service at its branches on Tuesday and Wednesday might be affected due to a planned strike by staff members "in pursuance of certain demands". The bank had advised customers to complete their transactions before November 8 as November 7 and November 10 are public holidays in some states.

An earlier nationwide strike had affected the country after unions opposed the move proposals to allow more private ownership of public sector banks.

Meanwhile, The State Bank of India chairman, Pratip Chaudhuri has said that it is unlikely that the bank will increase its savings bank account rate saying that the SBI believes that the people will continue to trust services provided by the bank. Diwakar Gupta, Managing Director & chief financial officer, SBI also said that clearly that the SBI will not be the first state-run bank to increase interest rates.