Two-day bank strike from today, 85,000 branches closed

Two-day bank strike from today, 85,000 branches closed

Banking activities in public sector banks across the country have been interrupted as employees go on two-day nation-wide strike against a meagre 2% salary hike offered by the management - Indian Banks Association. The United Forum of Banking Unions (UFBU), an umbrella body of nine bank unions, has gone on strike against the proposed wage hike of 2% as against 15% given last time, All India Bank Employees Association (AIBEA), general secretary C H Venkatachalam said. However, operations in the private banks like ICICI Bank, HDFC Bank, Axis Bank remained mostly normal, barring few activities including cheque clearance. Nearly 10 lakh employees are participating in the nation-wide strike. Some ATMs may also remain non-operational. Besides, deposit in branches, fixed deposit renewal, government treasury operation, and money market operations would see the impact of the strike.

Read More at Hindustan Times News date : 30 May 2018, Wednesday

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