Canara Bank staff to hold a strike on October 22 in Kerala; Stock surges

The Indian Banks' Association (IBA) has informed the Bank about the strike.

Oct 20, 2021 12:10 IST India Infoline News Service

Canara Bank
Canara Bank employees union will hold a strike on October 22 in the state of Kerala. The Indian Banks' Association (IBA) has informed the Bank about the strike.

There will be four employees union who have given the call for a strike. These are - All India Bank Employees' Association (AIBEA), Bank Employees' Federation of India (BEFI), Indian National Bank Employees' Federation (INBEF) and All India Bank Officers' Confederation (AIBOC).

In its regulatory filing, Canara Bank said, "The Bank is taking necessary steps for smooth functioning of Bank's Branches / Offices on the day of proposed strike."

Canara Bank also said that "however, in the event of strike materializing, the functioning of th branches / offices in the State of Kerala may be impacted."

At around 12.25 pm, Canara Bank was trading at Rs194.45 per piece up 1.9% on Sensex. 

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