All India Bank Employees Association (AIBEA) and Bank Employees Federation of India (BEFI) have called for a strike across the country on October 22 to stage a protest against the mergers of 10 public sector banks (PSBs). This comes after the financial institutions issued a letter in the public domain calling "Merger of Banks is the murder of Banks."

"The government may call it a merger but in reality, it is cold-blooded murder of 6 Banks (Allahabad Bank, Andhra Bank, Corporation Bank, Oriental Bank of Commerce, Syndicate Bank and United Bank of India). Because, after the merger, these 6 Banks which have been built up over the years, will disappear from the banking scenario," the letter reads.