News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 11 years ago
Home  » Business » Bank operations hit as strike enter day 2

Bank operations hit as strike enter day 2

Source: PTI
February 21, 2013 11:35 IST
Get Rediff News in your Inbox:

StrikeNormal banking operations were hit for the second day today as public sector bank employees continued their strike.

The two-day nationwide strike call, demanding early wage revision among other issues, was given by United Forum of Bank Unions that comprises nine national unions.

It was, however, business as usual at private sector banks like ICICI Bank and HDFC Bank.

Employees of public sector insurance companies, including LIC and New India Assurance, also participated in the strike.

On Wednesday, cheque clearing operations, electronic fund transfers, forex transactions and money market operations were disrupted across the country due to the strike and the situation

remained more or less similar as per the latest reports.

Apprehending disruption in normal operations, many public sector banks had already informed customers about the strike.

Sources said banks have taken steps to ensure that public do not face problems at least on the cash front during the strike period.

Banks have replenished ATMs to meet the requirements in these two days, they added.

Despite these measures, some ATMs went dry at commercial hubs.

Bank unions are pressing for early wage revision of employees, which they said is due from November, 2012.

They are also opposing banking sector reforms and any plan for merger of banks.

There are 26 public sector banks with employee strength of around 10 lakh (1 million) in the country.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!