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28
February 2017
Banking
operations across the country came to a halt on Tuesday as 10 lakh bankers
staged a strike against the government's "anti-people banking
reforms", said a bank union leader.
The Total Investment & Insurance Solutions
The
strike was called by the United Forum of Bank Unions (UFBU), comprising nine
unions.
They
also pressed for compensation to employees for extra work done on account of
demonetisation.
"Around
85,000 branches of commercial banks, 105,000 branches of co-operative bank and
others are on strike," C.H. Venkatachalam, General Secretary, All India
Bank Employees' Association (AIBEA) told IANS here. The Total Investment & Insurance Solutions
He said
clearance of 40 lakh cheques totalling around Rs 22,000 crore would be
affected.
The
strike covers employees and officers in all public sector banks, including
State Bank of India, all old-generation private banks, foreign banks, regional
rural banks and cooperative banks.
An
officer in a government-owned bank preferring anonymity told IANS: "The
clerical staff will get overtime allowance for working extra during the
demonetisation period. But the officers will not get anything and in addition
they will be losing a day's salary due to the strike."
Not
agreeing with that view, D. Thomas Franco Rajendra Dev, Senior Vice President
of the All India Bank Officers Confederation (AIBOC), told IANS: "Our
demand is to treat all the employees equally. And officers will also get their
due share." The Total Investment
& Insurance Solutions
He said
the strike is a total success across the country.
Venkatachalam
said the shutdown comes after all attempts to find a solution to the demands
raised by the unions yielded no results.
The Total Investment & Insurance Solutions
The
conciliation meeting before the Chief Labour Commissioner on February 21 failed
to break the deadlock as the bank management body -- Indian Banks Association
(IBA) -- did not agree to the union demands.
Most
state-run banks have informed customers that functioning of branches and
offices would be hit if the strike was observed on Tuesday.
New
generation private banks like -- ICICI Bank, HDFC Bank, Axis Bank and others --
are not part of the union and continued to function normally but cheque
clearances did not take place.
Besides,
cash transactions would also be hit and the ATMs are likely to be emptied early
during the day.
"ATM
operations are yet to normalise after the demonetisation of high value notes.
It seems people have resigned to the situation of less cash,"
Venkatachalam added.The Total
Investment & Insurance Solutions
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