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Strike by employees affects banking services

Staff Reporter
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Over 2300 officers and employees participate

For wage revision: Members of various trade unions staging a demonstration in Krishnagiri on Tuesday. - Photo: Special Arrangement.
For wage revision: Members of various trade unions staging a demonstration in Krishnagiri on Tuesday. - Photo: Special Arrangement.

Banking services were disrupted in Krishnagiri and Dharmapuri district on Wednesday due to the strike call given by nine major trade unions under the United Forum of Bank Unions (UFBU) demanding to expedite wage revision due from November 1, 2012.

However, the ATM services were not affected, as enough currencies were stocked on Monday evening by the nationalised banks.

Banking services were hit in over 250 branches including 50 private banks in both the districts.

Over 2300 officers and employees participated in the strike. Employees of ICICI, HDFC, AXIS and City Union Bank branches did not participate in the strike.

Cheque clearing operations were also affected, as the employees and officers of the State Bank of India had actively participated in the strike in Hosur, Krishnagiri and Dharmapuri towns.

Demonstrations by the members of the bank employees and officers’ association were held before the main branch of the Indian Bank in Krishnagiri and the Zonal Office of the Indian Bank in Dharmapuri. Over sixty members from various unions participated.

In Krishnagiri, B. Balamurugan, regional secretary, All India Bank Officers’ Confederation (AIBOC) presided over the demonstration.

S. Hari Rao, executive committee member of BEFI explained in detail about the necessity of such a strike. S. Alagirisamy, district secretary, BSNLEU, N. Gunasekaran, district assistant secretary, CITU addressed the demonstration.

G.Sivasamy, branch secretary, IBEU, Indian Bank, Gandhi Road proposed vote of thanks.

Dharmapuri

In Dharmapuri, the demonstration was held in front of the Zonal Office of the Indian Bank. N. Ramamurthy, district secretary, AIBEA presided. P.S. Sathiyanarayanan, executive committee member, AIBOC and C. Devan, executive committee member of BEFI addressed the demonstration.

The other demands of the UFBU included abstaining from retrograde banking reforms and giving licenses to private companies for opening new branches.

Strike call were given by UFBU after the five rounds of talks with the Indian Banks’ Association, a body represented by the Managements of the Banks failed to yield any positive results for the protestors .

The IBA came forward to offer five per cent increase of wages, whereas the earlier wage revision was 17.25 per cent. IBA did not heed the appeal for appointments on compassionate grounds in the event of the death of the employees.

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