Advertisement
Co Presented By
Co Presented By

Trade unions strike: Banking operations partially affected; SBI, private sector banks remain unaffected

AIBEA and the BEFI have supported the strike, which impacted banking operations where these two unions are strong

Advertisement
|Jan 08, 2019, 18:23:07 IST
New Delhi: Banking operations were partially affected Tuesday, as a section of employees refrained from work in support of the two-day strike call given by 10 central trade unions to protest alleged anti-labour policies of the government.The All India Bank Employees Association (AIBEA) and the Bank Employees Federation of India (BEFI) have supported the strike, which impacted banking operations where these two unions are strong.However, the operations in State Bank of India (SBI) and private sector banks remained unaffected, as other seven unions in the banking sector are not part of the strike.Since employees associated with these two banking sector unions were on strike, counter activities such as cash deposit and withdrawal, cheque clearances were impacted at many branches. Officers at many branches were seen handling some of the activities.[caption id="attachment_4416681" align="alignleft" width="380"]Representational image. Reuters.

Representational image. Reuters.[/caption]On 26 December, 2018, nine bank unions observed a one-day strike to protest the proposed amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda.Prior to this, the All India Bank Officers' Confederation (AIBOC) went on strike on 21 December.AIBEA General Secretary CH Venkatachalam said the unions are against the merger of public sector banks (PSBs) as employees will lose their jobs and employment generation will be halted.The unions are also against privatisation of PSBs as the government is doing in the case of IDBI Bank, he said, adding that Wednesday also the strike in banks will continue.Many PSBs have already told their customers about the likely impact on services if strike materialises."If the strike materialises, a section of the bank's employees may take part in the proposed strike on the said dates, in which case, the normal functioning of the branches/offices of the bank may get affected," Indian Bank said in a statement.The two-day strike on Tuesday and Wednesday has been called by the central trade unions against the alleged repressive policies for workers adopted by the government.

Handpicked stories, in your inbox
Global stories. Indian perspective. Zero noise.
No Spam. Unsubscribe Any Time.
First Published:Jan 08, 2019, 18:23:07 IST
Advertisement
Advertisement
Trending Stories

'From make in India to launch from India': Skyroot COO on why Vikram-1 could change India’s space sector

Skyroot Aerospace’s successful Vikram-1 mission marks a major milestone for India’s private space sector, as the country seeks to shift from “Make in India” to “Launch from India” and compete in the global commercial satellite launch market
8 min read
Advertisement
Advertisement
Up Next