Banking operations came to standstill due to banksmen strike

Wednesday, August 23, 2017

Normal banking operations in public sector banks have to come to standstill following a nation-wide strike in protest against the proposed consolidation move in additional to other demands.

The strike has been called by unions under the aegis of the United Forum of Bank Unions (UFBU). UFBU is an umbrella body of nine unions, including All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organization of Bank Workers (NOBW).

Around 8,500 bank branches in the two Telugu Speaking States have been completed halted. With this, Rs.25,000 crore transactions in Telangana State and Rs.10,000 crore transactions were disrupted according to sources. Over 65,000 bank employees have participated said All India Andhra Bank Officers Federation general secretary M.Harinath. 30,000 employees from Andhra Pradesh and 35,000 employees from Telangana have participated. In the current strike, private banks like Kotak Mahindra, IDBI too participated. The employees staged a dharna and other protests.

While expressing their happiness over the success of the strike, they said that if the government did not come forward to settle their demands, they would go on a two-day strike in the month of October. A final call will be taken in a meeting to be held on Wednesday in Mumbai said sources.

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