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Banking operations remain disrupted

Last updated on: August 23, 2012 11:41 IST

Banking operations remain disrupted

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Normal operations in public sector banks, including cheque clearances and fund transfers, were on Thursday hampered for the second day because of the strike called by unions to protest against reforms in the sector and outsourcing of non-core services to private sector.

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Image: A man walks down the stairs of a bank during a two-day strike in Jammu.
Photographs: Mukesh Gupta/Reuters.
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Banking operations remain disrupted

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"The strike is total success all over the country. Banking services have been affected," All India Bank Employees' Association (AIBEA) General Secretary C H Venkatachalam said.

Normal banking operations, including cash transactions, cheque clearances, foreign exchange dealings were affected, he added.

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Image: Bank employees hold placards at a rally during a two-day strike in Mumbai.
Photographs: Mukesh Gupta/Reuters.

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Banking operations remain disrupted

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Customers were depending more on ATMs as the bank managements had made advanced arrangement for loading the machines with cash.

AIBEA claimed that around 10 lakh employees and officers all over the country are participating in the strike.

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Image: A roadside vendor selling fruits sits in front of a closed ATM counter during a two-day strike in Kolkata.
Photographs: Rupak De Chowdhuri/Reuters.
Tags: AIBEA

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Banking operations remain disrupted

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Employees of 24 public sector banks (PSBs) and 12 private banks participated in the 2-day strike, which led to hampering of banking operations.

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Image: A bank employee shouts slogans while holding placards at a rally during a two-day strike in Chandigarh.
Photographs: Ajay Verma/Reuters.
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Banking operations remain disrupted

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Unions are protesting against reform measures such as the Banking Sector Laws Amendment Bill which seeks to remove restrictions on voting rights of foreign shareholders and increase voting rights of private investors in the PSBs.

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Photographs: Ajay Verma/Reuters.
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Bank unions have been demanding pension revision, housing loan revision, 5-day working week and human resource related issues, among others.



Image: A bank employee shouts slogans while taking part in a rally during a two-day strike in Kolkata.
Photographs: Rupak De Chowdhuri/Reuters.
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