SBI strike hits transactions

Disbursal of NRI cheques gets stalled

State Bank of India's employees' indefinite strike continued on the second day on Tuesday affecting transactions worth of Rs.150 crore sin the regional business office and 40 branches in Kadapa district. Disbursal of 900 NRI cheques worth Rs.10 crores was stalled by the agitation, SBI Staff Union regional secretary S.Kiran Kumar Reddy said.

MV Murali, General Secretary of the SBI Staff Union Hyderabad Circle said that there is no revision of pension since 1992 even after two wage agreements were over. Despite the Bank Management and RBI has cleared for the proposals, the Government is very firm on the issue. Financial experts opine that if the strike continues, the impact will be more severe as State Bank of India alone is doing 30 per cent of the business and all the clearing and forex transactions will stand still causing huge loss to economy and more inconvenience to common person as well to business people.

This is an archive news page about an event that happened in the past. The News / Information might have changed in subsequent days as news gets developed. This page exists for referance purpose only.

 Join Discussions on AndhraNews.com

Burglars strike at Jewellery shop and MLA residence
Jewellery stolen from busy center

JAC threat to boycott spot valuation
SSC spot violation in trouble

Three lakhs donated to Maoists
Rs. 3 Lakhs cash seized

Kirby announces expansion plans
Would like to set up plant at Haridwar

Wipro seeks 350-acre land
Considering campus development at Hyderabad and Visakhapatnam

Security on high side at Nagarjuna Sagar dam
Patrolling at dam upped

SBI strike hits transactions
Disbursal of NRI cheques gets stalled

Events and happenings on 4 April in History

4 April 2001
Highlights: NDA holds meetings at Hyderabad in regard to Tehelka Tapes issue.

4 April 2002
Highlights: Indonesian President Mrs. Megawati Sukarnoputri visits Andhra

4 April 2003
Highlights: Murali and Mrs. Konda Surekha say they are not aware that their names were filed in an FIR

4 April 2004
Highlights: Dissidence rocks major parties

4 April 2005
Highlights: Ramakrishna express concern over Madhu's safety

4 April 2006
Highlights: Burglars strike at Jewellery shop and MLA residence

4 April 2007
Highlights: Political party leaders arrested for stopping trains