New Delhi: Around 80,000 branches and over a million of
employees of public sector banks went on a one-day strike on Friday claiming to
discontinuation of the proposed merger of ‘State Bank of India associates with
the parent and other issues,’ reports revealed. Among the PSUs, only ICICI bank
is working according to their schedule and has not taken part in the strike.
The United Forum of Banks Unions (UFBU) had previously
informed its customers and stakeholders of the strike and stated that services
like cheque clearance, withdrawal and cash deposit will get affected on Friday.
The normal banking operations were interrupted while
traders were unable to complete transactions worth of Rs 26
lakh. Rs 19,000 crore worth of cheques could not be cleared, said C H
Venkatachalam, United Forum of Bank Unions (UFBU) General Secretary.
On july 26, UFBU and Chief Labour Commissioner went for a
conciliation meeting which ended futile. “The unions were ready for meaningful
discussion, but the government only tried to justify their present policy
decision on banking reforms and hence, there was no meeting point, said
Venkatachalam.
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