One Million bankers on strike today

One Million bankers on strike today

Banking operations across the country will be affected on Tuesday with around one million bankers going on strike pressing various demands.
yesterday the banks already informed their customers that functioning of branches and offices will be impacted.


Operations at private banks like ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank are expected to be normal except delays in cheque clearances.

"As the conciliation meeting before the Chief Labour Commissioner failed, unions are left with no other option but to go on strike. There was no assurance from the government and the management of banks.

Other demands include no write-off policy for non-performing assets (NPAs) of corporate loans, declaring wilful default of loans as criminal offence, and implementation of recommendations of Parliamentary Committee on recovery of NPAs, AIBEA General Secretary C H Venkatchalam said.

AIBEA General Secretary C H Venkatchalam said the government should abolish the Banks Board Bureau and ensure stringent measures to recover bad loans and accountability of top executives.
UFBU also requested the government for cost reimbursement of demonetisation to banks.

As many as 21 public sector banks control 75 per cent of the total business.

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