Bank staff go on a nationwide one-day strike

Banking operation in more than 150 branches across the district was paralysed as staff went on a nationwide one-day strike on Wednesday highlighting their demands.

 The protesters said the wage revision settlement, as agreed upon during the tripartite talks, should be implemented without delay. Besides giving up the move to merge the banks, the Centre should not permit creation of new banks with the capital of Rs.500 crore.

Outsourcing of banking operations should be stopped. Instead, the recruitment process, which had remained frozen for the past several years, should be resumed to fill vacancies to make the functioning of the banks more effective, the protestors said.

 They staged a demonstration in front of Federal Bank’s Palayamkottai Branch at Murugankurichi in which more than 300 persons participated and raised slogans in support of their demands.

 “Financial transaction to the tune of Rs.5,000 crore, including Rs. 2,500 crore-worth government transactions, were affected by the strike,” said J. Edwin, regional secretary, National Confederation of Bank Employees.


Agitators staged a demonstration on beach road here. M. Abdul Kadar, town secretary of All India Bank Employees Association, who led the agitation, said talks on wage revision should be expedited to implement benefits for bank employees.

Recovery of debts to the tune of Rs.1,60,000 crore across India should be made at the earliest.

Moreover, the government should give up its move to allow corporate sector into the banking system.

As many as 1,640 employees of banks in the district took part in the strike, he said.


Transaction in over 150 banks across the district was affected. As many as 3,000 employees, including 950 officers, participated in the strike.

Employees staged a demonstration in front of the main branch of State Bank of India at Vadaserry.