Strike Disrupts Normal Banking Transactions

Banking operations were affected across the country today, with employees of public sector banks and old private for a one-day strike to protest against reforms in the banking sector.

"About 10 lakh bank employees, who work in public sector banks, old homesteads, cooperative banks and regional rural banks are on strike," United Forum Bank Unions (UFBU) convener CH Vekatachalam supported.

UFBU is an umbrella organization of five workers' unions and four unions of employees in the public sector and private sector banks in the country.

Operating offices of public sector banks have helped to control the game and returned.

The second issue involves the relocation of jobs from banks and attempt to introduce "anti-employee" of the committee's recommendations Khandelwal, he said.

In addition, the outstanding issues relating to retirement and officials regulated working hours. In the name of the banking sector reforms, he said, the government is trying to reduce their share of assets of public sector banks, rising to more private capital into these banks.

The government will also continue its policy of consolidation and merger of public sector banks, which are totally unfounded, and is not in any way useful to strengthen the banks, he said.

The unions met yesterday Banking Finance Secretary DK Mittal and chairman of the IBA (Bank Association of India), but no solution has been reached and the impasse continues.