CSB Bank employees affiliated to four unions to go for three-day strike from today

The unions have given notice that their members propose to go on strike demanding resolution of certain issues in the Bank.

Sep 29, 2021 09:09 IST India Infoline News Service

CSB Bank informed the exchanges Tuesday that the Catholic Syrian Bank Officers’ Association (CSBOA), Catholic Syrian Bank Staff Association (CSBSA), Catholic Syrian Bank Staff Federation (CSBSF), and Catholic Syrian Bank Award Staff Union (CSBASU) have given notice that their members propose to go on strike on three days starting from September 29, 2021, to October 1, 2021, demanding resolution of certain issues in the Bank.

In case the proposed strike materializes, employees and officers of the Bank belonging to the respective unions may partake in the same which may affect the normal functioning of the branches/ offices of the Bank at a minimum level as only 1/3 of the total work force of the Bank is affiliated to various unions.

“The alternative and digital banking channels will continue to function normally,” the company said in a filing.

Despite the strike call the company stock was bullish and at around 9.48 am, CSB Bank Ltd was trading at Rs313.20 per piece up by Rs7.6 or 2.49% from its previous closing of Rs305.60 per piece on the BSE.

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