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Bank strike cripples services
Banking operations across the country were hit on Tuesday as over 10 lakh bank employees in more than 1.3 lakh branches pan-India struck work, protesting against reforms in the banking sector among other issues, thereby affecting cheque-clearing activity. UFBU has given the one-day nationwide strike call. Banking operations across AP and Telangana were also hit.
Hyderabad: Banking operations across the country were hit on Tuesday as over 10 lakh bank employees in more than 1.3 lakh branches pan-India struck work, protesting against reforms in the banking sector among other issues, thereby affecting cheque-clearing activity. UFBU has given the one-day nationwide strike call. Banking operations across AP and Telangana were also hit.
An official of the United Forum of Bank Unions (UFBU), the umbrella body of nine unions, said “over 10 lakh bank employees spread in more than 1,30,000 branches across the country have struck work hitting cheque-clearing activity.”
Among the 17-point charter of union demands, the main relates to the government's denial of adequate capital to public sector banks, thus creating conditions for privatisation, an AIBEA statement from Delhi said on Tuesday.
In most of the places, clearing operations, particularly outward clearing, was seriously affected. Normally in the three clearing grids functioning from South, West and North on an average about 40 lakh cheques worth about Rs 20,000 crore are transacted per day.
