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  • Strike affects operations of public sector banks

    Mumbai (PTI): Operations of state-owned banks across the country were affected after employees went on a two-day strike from on Wednesday protesting the merger among public sector banks and demanding another chance to opt for pension.

    Clearing activities and cash transactions of many banks were affected, bank officials said.

    "The strike has affected our operations today. Majority of the employees have not turned up for work. There would be a significant business loss because of this," UCO Bank's Chairman and Managing Director S K Goel told PTI in Mumbai.

    Unions decided to go on strike after talks between United Forum of Bank Unions (UFBU) and Indian Banks Association in the presence of Chief Labour Commissioner, S K Mukhopadhyaya, failed in Delhi on Tuesday.

    "The strike is complete across the country. UFBU will meet shortly to chalk out further course of action," its Convenor C H Venkatachalam said.

    Apart from the merger, other demands of the unions include settlement of issues like wage revision, another option for pension scheme, termination of job outsourcing in the banking industry and immediate appointments in the class IV cadre.

    IBA Chief Executive K Ramakrishnan said the unions went on strike breaching the mutual understanding reached between IBA and UFBU in January this year.

    Reports from across the country said all public sector banks remained shut in response to the strike call. In many places in Kerala, the striking employees staged sit-in protests in front of the main branches of their respective banks.


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