-60.40 (-5.61%) State Bank of India has informed that the Bank has been advised by the Indian Banks’ Association (IBA) that United Forum of Bank Unions (UFBU) has served a notice of strike on IBA, informing their decision to go on strike at all banks on July 29, 2016 on issue and demand to stop banking sector reform. All India State Bank Officers’ Federation and All India State Bank of India Staff Federation are members of UFBU. Thus, it is likely that the Bank will also be impact to some extent by the said strike calls.
The above information is a part of company’s filings submitted to BSE.