Talks fail, banks going ahead with August 22 strike

Bank strike Operations to be affected today as 1 million bankers protest

Bank strike Operations to be affected today as 1 million bankers protest

An official of the United Forum of Bank Unions (UFBU), the organization of nine bank associations calling for a strike, said that more than 10 lakh bank employees employed in 1,30,000 branches of the country are involved in the strike, due to which the work of check clearing has influenced.

The impact of strike was seen in major business centres like Mumbai, Kolkata, Patna, Chennai, Hyderabad, Bangalore, Ahmedabad, Pune and Jaipur, while some ATMs in small cities went dry, according to reports from various parts of the country. On a countrywide call, all bank branches observed the strike and remained closed for the whole day.

Foreign exchange transactions, import and export bill transactions, sanction of loans and others would also be affected.

Bank employees of Dimapur during the all India bank strike on August 22.

The employees were protesting against the "anti-people" policies of Central Government that includes writing off Corporate NPAs (Non-Performing Assets), and increase in bank charges. All India Bank Employees Association (AIBEA), All India Bank Officers Confederation (AIBOC), All India Bank Officers Association (AIBOA), National Confederation of Bank Employees (NCBE), Bank Employees Federation of India (BEFI) and some other unions participated in the strike.

Bank pensioners were getting the same pension even after 22 years, he said.

Franco said that all attempts to hammer out solutions to the demands raised by the unions bore no fruit, and hence, UFBU which claims a membership of almost 10 lakh across banks, chose to proceed with the proposed strike on August 22. Later, the UFBU submitted a memorandum of demands to the General Manager of SBI.

The strike comes after the talks between UFBU on one side and Indian Banks' Association, Chief Labour Commissioner and Department of Financial Services (DFS) failed on Friday.

AIBEA General Secretary C H Vekatachalam said government is talking of consolidation, amalgamation and merger of banks at a time when India needs more banking services.

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