Bank strike: Today is the second day of the strike, banking services have come to a complete standstill, find out how the first day had an impact

Business Desk, Amar Ujala, New Delhi

Published by: Deepak Chaturvedi
Friday, 17 December 2021 10:53 AM Updated to IS

Summary

Second day bank strike: The impact of the two day strike is visible across the country. Today is the second day of the strike and many banking businesses will be affected. The first day the people had to suffer a lot and seven lakh workers went on strike.

Bank strike

Bank strike
– Photo: Amar Ujala

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The impact of the two-day strike is visible across the country. Today is the second day of the strike and many banking businesses will be affected. People were in serious trouble on the first day of the strike. Seven lakh employees across the country are participating in the strike. Even on the second day of the strike, banking services came to a complete standstill.

Strike because of this

Let us know that the United Forum of Bank Unions (UFBU) has announced a strike to protest the ongoing preparations for government privatization. There are nine banking unions under the United Forum of Bank Unions. Under this, 7 lakh employees are participating in the banking strike. As a result, bank branches across the country were closed.

Work has stalled at government bank branches across the country

Nine banking unions across the country have been closed following calls for a strike by nine banking unions, including the United Forum of Bank Unions (UFBU), the All India Bank Officers’ Confederation (AIBOC) and the All India Bank Employees Union. (AIBEA) and the National Organization. This caused people to get in trouble for not doing things in them. As a result, services such as deposit and withdrawal, check clearance and lending were halted at branches due to the strike. However, in recent times, ATM transactions have continued as usual.

Services such as check clearance and loan approval were affected

Today is the second day of the strike. The first day of the strike affected the performance of these banks across the country. With the closure of the banks, services like deposit, withdrawal, check clearance and loan disbursement have come to a standstill. The day before the nationwide strike, All India Bank Employees Association (AIBEA) general secretary CH Venkatachalam said customers, investors and other shareholders were in deep distress. 39 lakh checks worth Rs 37,000 crore were stopped. Meanwhile, All India Bank Officers’ Confederation (AIBOC) general secretary Soumya Dutta said that nearly seven lakh employees of public sector banks had gone on strike in protest of the government’s decision to privatize the banks. More than one lakh banks and branches of regional rural banks across the country were closed. However, private sector banks like HDFC Bank, ICICI Bank and Kotak Mahindra Bank are doing business normally.

That effect was seen in these states

In Maharashtra, more than 60,000 officials and employees of various banks went on strike on the first day. This has caused serious problems for banks’ customers. In Jharkhand: More than 40,000 officers and employees go on strike. 3,200 branches of various banks in the state were closed. Most ATMs at 3,300 are closed. 3,000 crore worth of transactions were damaged. In West Bengal, 8,590 branches of public sector banks were closed. People have been severely inconvenienced by the lack of cash in most ATMs. Thousands of officers and employees of various public sector banks in Tamil Nadu went on strike. Most ATMs along with bank branches were closed.

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