Bank services hit across country as staff go on strike

23 August, 2017, 00:18 | Author: Essie Rivera
  • REUTERS  Rupak de Chowdhuri

Online banking operations were not affected by the strike either.

Over 7,000 employees of the PSU banks went on the strike following the nation-wide strike call given by the United Forum of Bank Unions (UFBU) on Tuesday.

"Bank officials performed outside the branches on the previous evening (Monday) in protest of the government's move towards the merger and privatization of banks".

According to Nikhil Das, a leader of the striking employees, around 3,000 bank employees belonging to about 414 branches of 15 nationalised, regional, rural and cooperative banks in the northeastern state took part in the strike in Tripura.

Foreign exchange transactions, and import and export bill transactions were also affected.

As many as 21 public sector banks control 75 per cent of the total banking business.

Bank employees of Dimapur during the all India bank strike on August 22.

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This was stated by Malkeet Singh, State General Secretary of Punjab National Bank Staff Union at a press conference held here on Monday. It wants to privatise banks in the public sector and compress the number of banks by merging several of them.

"Normally in the three clearing grids functioning from South, West and North - Chennai, Mumbai and Delhi - on an average about 40 lakh cheques and instruments worth about Rs 22,000 crore are transacted per day".

Among the 17-point charter of demands, the main demands are relating to government's denial of adequate capital to public sector banks thus creating conditions for privatisation, AIBEA said in a statement issued on Tuesday.

The strike has been called by the United Forum of Bank Unions (UFBU), an umbrella body of nine unions, including the All Indian Bank Officers Confederation (AIBOC) and All India Bank Employees' Association (AIBEA).

"Privatisation of banks would mean privatising the Rs 80 lakh crore of common people's money available in our banks.This is unsafe for the country and our people". Later, the UFBU submitted a memorandum of demands to the General Manager of SBI.

There is a possibility that most banks will remain closed today.



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