Employees of public sector banks have announced an all India strike on September 7 to voice against RBI's idea of granting new bank licenses to private sector banks.

"Around 10 lakh bank employee from 27 public sector banks, 18 foreign banks, 26 private, 82 regional rural banks and 1,721 co-operative banks would be participating in this strike," All India Bank Employees Association's (AIBEA) General Secretary Vishwas Utagi said.

He said that apart from banks, other 44 crore employees from both organized as well as unorganized sectors would be participating in the strike.

"When the RBI is talking about financial inclusion, there is a need to increase the number of branches of public sector banks. We want the number to go up from 40,000 to 1 lakh, if the financial model has to become a success," he added.

"Employment, which a major concern for the employees, is also on our priority list of demands from both Central as well as State Governments," Utagi said.