Strike hits banking operations

February 20, 2013 06:54 pm | Updated 10:45 pm IST - New Delhi

SHIMOGA :  Karnataka, 20/02/2013.Members of United Forum  of Bank Unions held demonstration infront of main branch of State Bank of Mysore in Shimoga on Wednesday in support of their demands.Photo by VAIDYA

SHIMOGA : Karnataka, 20/02/2013.Members of United Forum of Bank Unions held demonstration infront of main branch of State Bank of Mysore in Shimoga on Wednesday in support of their demands.Photo by VAIDYA

Normal banking operations like cheque clearances, withdrawing and depositing of money at branches were hit as employees of public sector banks went on a two-day strike beginning on Wednesday.

The nation-wide strike call, demanding early wage revision among other issues, was given by United Forum of Bank Unions (UFBU) that comprises nine national unions.

It was, however, business as usual at private sector banks like ICICI Bank and HDFC Bank.

Employees of public sector insurance companies, including LIC and New India Assurance, participated in the strike.

Apprehending disruption in normal operations, many public sector banks had already informed customers about the strike.

Sources said banks have taken steps to ensure that public do not face problems at least on the cash front during the strike period. Banks have replenished ATMs to meet the requirements in these two days.

Despite these measures, some ATMs went dry at commercial hubs.

All India Bank Employees Association (AIBEA) General Secretary C H Vekatachalam claimed clearing operations, electronic fund transfers, forex transactions and money market operations were completely disrupted across the country.

Bank unions are pressing for early wage revision of employees, which they said is due from November 2012. They are also opposing banking sector reforms and any plan for merger of banks.

There are 26 public sector banks with employees strength of around 10 lakh.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.