Banking operations across the district was totally paralysed on Thursday after the bank employees struck work demanding the withdrawal of Banking Regulation Bill. Bank employees affiliated to All India Bank Employees’ Association, All India Bank Officers’ Association, Bank Employees’ Federation of India and National Union of Bank Employees participated in today’s strike bringing banking operations to a grinding halt. The protesting bank employees also staged demonstration in front of the Federal Bank’s Palayamkottai Branch at Murugankurichi on the Tiruchendur Road.
The protestors said the investors’ voting rights in the private sector and public sector banks should not be increased and the Centre should give-up its sustained move on merger of banks.
Bank employees affiliated to National Union of Bank Employees staged demonstration in front of the Indian Overseas Bank’s branch on East Car Street.
Bank employees and officials affiliated to four Unions boycotted routine works in various banks. They were protesting against the amendments made in the Banking Regulation Act, 1949 to allow Foreign Direct Investments in to the banking sector. Normal activities were affected in 95 different bank branches out of 186 branches across the district, R. Krishnamurthy, town secretary, All India Bank Employees Association, Tuticorin, said.
Banking operations were affected in the district. Employees of IOB, IB, Canara Bank, State Bank of Travancore, Syndicate Bank, Bank of Allahabad and other bank employees took part in the agitation.
President of the Federation of Bank Employees Union, Palaniyappan led the agitation held in front of a bank at Meenakshipuram in Nagercoil.