Indian Bank announced that it has been informed by the Indian Banks` (Q, N,C,F)* Association that the United Forum of bank unions consisting of AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBO AND NOBW has given a call for observance of a strike on Jun. 12, 2009 on certain demands.
If the strike materializes, a section of the bank`s employees / officers may take part in the proposed strike on the said date, in which case, the normal functioning of the branches / offices of the bank may get affected.
Shares of the company declined Rs 1.5, or 1.58%, to trade at Rs 93.50. The total volume of shares traded was 27,781.00 at the BSE
* Q - Quote , N - News , C - Chart , F - Financials