Bank employees observe strike

Posted August 23, 2017

The United Forum of Banks Union (UFBU) has announced to go on strike against the government's proposed consolidation moves, besides raising a host of other demands.

The United Forum of Bank Unions, the umbrella union of trade unions, plans to intensify its agitation by calling for a two-day strike either in October or November if its concerns are not addressed, according to union representatives. "The security of money and the ease of transaction can be assured only by public-sector banks".

Almost 10 lakh bank employees will see participation in the strike that is against the government's move to privatise Public Sector Banks and plan to merge and consolidate them.

In Dimapur, the bank employees staged a dharna at Supermarket area.

Apart from these demands, the unions are upset with the government's decision to merge State Bank of India with its Associate banks.

"The one-day banking strike has been successful as close to 9,500 ATMs and around 3,000 branches are closed with 70,000-100,000 bank employees participating in the protest in West Bengal", AIBEA's (West Bengal) General Secretary Rajen Nagar said in Kolkata.

National Confederation of Bank Employees leader P L Prakash alleged that the government had failed to take action against the corporate defaulters who evaded bank loans worth more than Rs 2 lakh crore.

"We have received an overwhelming response from all our members for the strike call in support of our demands, including our opposition to the merger of state-run banks", state AIBOC General Secretary A.N.K. Murthy told IANS.

They are demanding the implementation of Parliamentary Committee recommendations for recovery of NPAs, stringent measures for recovery of bad loans, withdrawal of proposed FRDI (Financial Resolution and Deposit Insurance) Bill, Abolition of Bank Boards Bureau, Adequate recruitment in all cadres and resolution of issues related to employees. He said pubic sector banks played an important role in the development of Indian economy and called upon the bank employees and officials to oppose the privatisation of public sector banks.