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.

Three things to watch in the Wyndham Championship final round
Na shot a 65, Schniederjans had a 66 and Simpson - a North Carolina native who won on this course in 2011 - had a 68. Unlike Stenson, Simpson is relying on familiarity with the event.

Mewtwo Is Pokemon Go's Next Legendary, And It'll Be Tough To Catch
According to Gamespot, these four Legendaries are now available via Raid Battles [VIDEO ] and will be available through August 31. If you play your cards right, soon you could find yourself in possession of five different Legendary Pokemon , including Mewtwo .

United States wants India, China to have direct dialogue on their issues
Meanwhile at least 52 trucks belonging to PLA parked on the road built by the Chinese army were spotted on the side of the lake. Asked to comment on the incident, Chinese Foreign Ministry spokesperson Hu Chunying said, "I am not aware of the information".

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.

Recommended:



Popular

[Instagram] Bakayoko Sends Message To Chelsea Fans After Win Over Tottenham
Chelsea looked set to split the points against Spurs after Batshuayi's own-goal, until Marcos Alonso's stunning late victor . His performance reflected his team's, as they played well and dominated Chelsea , but just could get the breaks.

Top US general: Drills with South Korea are not up for negotiation
China, the most important player in East Asia, has enormous geo-strategic stakes in ensuring stability along the Korean Peninsula. Simmering tensions between the USA and North Korea have led to many questions around how a clash between the two would result in.

Charities Cancel Mar-a-Lago Events Amid Trump Backlash
The nonprofit - which has hosted the annual event at Mar-a-Lago for at least the past decade - has not yet selected another venue. The managing director of Trump's properties in Florida, Bernd Lembcke, did not respond to a phone call seeking comment, either.

Trump thanks Bannon for his service after ouster from White House
In his first public remarks after being fired, Mr Bannon said he still backed Mr Trump, but expressed doubt about the administration's future without him.

Dunford says USA military options only if sanctions fail: South Korea
Dunford's visit follows an exchange of threats over the weekend between President Trump and North Korea's leader, Kim Jong Un. He also holds a news conference on Thursday to mark his 100th day in office.

Faulkner Planetarium Expands Schedule of Solar Eclipse Film
Guests will also be able to watch a live-feed of the total solar eclipse from locations that are in the path of totality. Then an eclipse-viewing demonstration takes place at 11:15 a.m. followed by live NASA coverage beginning at 11:45 a.m.

Conservative judge Roy Moore sails to victory in Alabama senate primary election
Moore, the former chief justice of the Alabama Supreme Court, captured 39 percent of the primary vote, per the Associated Press . Moore is the only judge in history to lose his job as Chief Justice of the Alabama State Supreme Court, twice.

Robert Yancy, Son of The Late Natalie Cole, Dead at 39
According to the outlet, Yancy died of natural causes , pending the completion of an autopsy and toxicology tests. The son of legendary singer Natalie Cole was found dead Monday night, and he was only 39.

China announces cutoff of North Korean imports
Instead, Trump had two interactions with reporters - one earlier in the day when he made a statement condemning the hate groups. Yet, steel and aluminum industries are hardly weak points for China, where most production is sold at home. "I did condemn.

S Korea's Moon urges calm on N Korea, says war unthinkable
The tests are seen as a milestone in the North's quest to develop a nuclear-tipped missile capable of hitting the U.S. mainland. Pompeo said during an appearance on "Fox News Sunday" "There's no intelligence indicating we're on the cusp of a nuclear war".