Day 2 Of Bank Strike: Services Hit, Banking Unions Call It "Total Success"

Login   |  Register Now

Follow us with

Day 2 Of Bank Strike: Services Hit, Banking Unions Call It "Total Success"

Posted on : Thursday 31st of May 2018

Total 1 News Image

NEW DELHI:  Banking services were hit across the country for the second day today as about 10 lakh bankers continued their strike to protest a "meagre" two per cent salary hike offered by Indian Banks Association (IBA) - the management body.

Today is the last day of the two-day strike being observed by the United Forum of Banking Unions (UFBU), an umbrella organisation consisting all nine unions of the banking sector. Banking operations are likely to become normal from Friday.

The United Forum of Banking Unions has claimed that the strike is "total success" as the employees have "enthusiastically participated in the strike in all banks and in all branches".

According to reports received by banking unions from various states and centres like Mumbai, Delhi, Kolkata, Chennai, Bengaluru, Hyderabad, Ahmedabad, Jaipur, Patna, Nagpur, Jammu, Guwahati, Jamshedpur, Lucknow, Agra, Ambala, and Trivandrum, employees have enthusiastically participated in the strike in all banks and branches.

There are about 85,000 branches of 21 public sector banks across the country having business share of about 70 per cent.

Operations in the new-generation private banks like ICICI Bank, HDFC Bank, Axis Bank, however, were almost normal, barring few activities including cheque clearance.

Nearly 10 lakh employees, working in various branches of 21 public sector banks, 13 old generation private sector banks, six foreign banks and 56 regional rural banks across the country went on a two-day strike on Wednesday as the Indian Banks Association offered them a nominal wage revision, All India Bank Employees Association (AIBEA), affiliate of UFBU had said in a statement.

Since the strike coincides with the month-end, salary withdrawals from branches were said to be affected on Wednesday and the situation is likely to remain same today as well, said sources in the banking sector and employees union.

Operations like deposits, FD renewals, government treasury operations, money market operations are also being reportedly hit by the strike.

In its last wage negotiation meeting held earlier this month, IBA proposed a nominal salary revision to bank employees and officers, owing to huge losses incurred by them in the last few quarters, bank unions said.

Wage revision in the banks has been due from November 2017.

Courtesy : NDTV

Disclaimer: The contents or any information provided here is strictly personal and way4indians.com does not hold any responsibility or liability on them. We shall endeavor to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libelous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.

More Articles

‘Slaughterhouses rent increased by m..

KUWAIT CITY : Head of slaughterhouse and livestock market in Dhaher area Saad Albous revealed that the rents of slaug...

Hot weather continues during weekend..

KUWAIT CITY (KUNA): The country is still affected by the Indian seasonal pressure which supplies the region with very...

Jet Airways Flight Goes Off Runway ..

MUMBAI: Nearly 150 people on board a Mumbai-bound Jet Airways flight from Riyadh e...

"Ladakh No Longer Safe For Women": ..

LADAKH: Fourteen Buddhist nuns, who are specialized in Kung Fu, trained local girl...

MoH stops sending Kuwaiti patients to ..

KUWAIT CITY : The Ministry of Health has stopped sending Kuwaiti patients to Germany, reports Al-Rai daily quoting so...

PAM issues circular on work timings, a..

KUWAIT CITY : Public Authority for Manpower has issued a circular concerning work timings, attendance and absence fro...

Athirappilly tourist spot closed as..

Thrissur: With the incessant rain continuing to batter Kerala, rivers in Kerala ar...

80% of Kuwaitis believe use of ‘wast..

KUWAIT CITY : The International Monetary Fund (IMF) recently released a report on promoting growth and inclusiveness ...

Baby on board Indigo flight dies after..

New Delhi/Hyderabad: A four-month-old boy developed breathing problem on a Patna-bound flight and died at the Hyderab...

Several nurses aged 65 and above termi..

KUWAIT CITY : The Ministry of Health has laid down a comprehensive health services plan for pilgrims this year, repor...

Rising concern: Idukki water level tou..

Thiruvananthapuram: The water level in the Idukki reservoir in Kerala touched 2395.42 feet at 12 noon on Tuesday. Aft...

National Defence Academy Cadets To ..

PUNE: The National Defence Academy in Pune has included Kashmiri, Pashto and Dari ...

Advertisements

Copyright © 2012-2018, All rights Reserved   |  www.way4indians.com  |  This Logo is a trademark of Way4Indians. For Enquires, please contact : info@way4indians.com