UFBU is the umbrella organisation of five employee unions and four officer unions of state-run banks in the country.

State Bank of India (SBI) informed the exchanges that United Forum of Bank Unions (UFBU) has given a notice to Indian Bank's Association calling all India Bank Strike on August 22-23, 2012 on certain demands.

The issues and demands are of industry level and strike call is also given at industry level by UFBU. Therefore, if the strike takes place it would affect working of all Banks, SBI said.

The appointed Khandelwal panel had earlier suggested some reforms for the sector, including more outsourcing of non-core activities in a time-bound manner.

The panel also recommended the introduction of standard recruitment policies and mandatory testing of computer skills.

As per reports, UFBU has been protesting against the proposed reforms in the banking sector and outsourcing of jobs in the industry.

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