Saturday, 30 July 2016

Bank strike affects operations in 80,000 branches

Services at around 80,000 bank branches in the country were hit on Friday as employees of public sector banks went on a one-day strike to protest the proposed merger of the State Bank of India (SBI) associates with the parent and other issues. However, private sector banks were working as usual. Most of the public sector banks including SBI had earlier informed their customers of inconvenience if strike materialises.
Staffing in treasuries of banks are likely to be less than normal days but officials will ensure that functions like bidding at the auction will run smoothly, three traders at state-run banks said.

“Treasury people have been allowed to enter the head office of the bank, so there is no problem for us in trading or bidding at the auctions,” said a senior trader at a large state-run bank.

The bank strike has been called by the United Forum of Banks Unions (UFBU), an umbrella organisation of nine unions representing 8 lakh bank employees and officers.

“The All India State Bank Officers’ Federation and the All India State Bank of India Staff Federation are members of UFBU. Thus, it is likely that the bank will also be impacted to some extent by the said strike calls,” SBI had said in a statement.

According to the All India Bank Employees Association (AIBEA) general secretary, C.H. Venkatachalam, normal operations at branches across all PSU banks were affected. The strike proceeded after a conciliation meeting with the Chief Labour Commissioner on 26 July did not yield any positive results.

Bank strike affects operations in 80,000 branches , All India Bank Employees Association (AIBEA) 

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