Strike paralyses banks in Nagaland

Posted August 23, 2017

Banking operations were hit across the country on Tuesday with almost 10 lakh employees of state-run banks striking to protest against the government's proposed move of consolidation, among other issues. The strike paralysed banking operations in the state.

Later, convener of Meghalaya state unit of the UBFU told The Shillong Times, that over 10 lakhs bank workmen and officers took part in the bank strike.

Chennai: Banking operations in Tamil Nadu were affected on Tuesday with around 55,000 bankers striking work pressing for their demands, said a top All India Bank Employees' Association (AIBEA) leader. Reportedly, cheque clearance, NEFT or RTGS transactions, deposits and withdrawals at PSU banks will be impacted. As many as 21 public sector banks control 75 per cent of the total business.

Bank employees under the UFBU banner observed a dharna within the campus of State Bank of India on K G Road between 10.30 am and 12.30 pm.

Boston "Free Speech" Rally Ends After Counter-Protesters Take To Streets
In addition to the Boston rally, and an expected counter-march, protests are also expected to be held in Texas on Saturday. At 1:30 pm ET, Boston police had declared the Free Speech Rally "officially over".

The employees were protesting against the "anti-people" policies of Central Government that includes writing off Corporate NPAs (Non-Performing Assets), and increase in bank charges. The United Forum of Bank Unions said, "All nationalized banks will be closed on Tuesday, while the Aryavarta Officers Association has made a decision to join the strike with nationalized banks and join the strike. Trying to privatise them in the name of reforms is nothing short of foolishness", they said. ATMs are also likely to empty sooner than usual as bank branches will remain shut. Later, the UFBU submitted a memorandum of demands to the General Manager of SBI.

The Indian Banks' Association earlier notified customers that services may take a hit.

Most of the PSU banks which will be participating in today's strike, have already informed their customers about the delay in transactions.

Among the 17-point charter of union demands, the main relates to the government's denial of adequate capital to public sector banks, thus creating conditions for privatisation, an AIBEA statement said on Tuesday.