Indian Overseas Bank has informed that All India Bank Officers Confederation (AIBOC) has proposed to go on one day strike on February 29, 2016, demanding Reinstatement of P. V. Mohanan, Chairman of Dhanalakshmi Bank Officers Organisation, Vice President. AIBOC & State President AIBOC, Kerala and taking over of Dhanalakshmi Bank by a Public Sector Bank. The Bank Officers Association viz., All India Overseas Bank Officers Association has given the strike notice to the Management. Hence, the operation in the Bank’s branches and offices will be affected partially or fully in case the above strike materializes.
The above information is a part of company’s filings submitted to BSE.