Finance HomeNational
Banks strike continues for second day
Thursday, September 25, 2008 11:07 [IST]
New Delhi: Banking operations were affected as the strike call given by the employees union to press for wage related issues entered the second day today.

However, cash needs of ordinary customers were met by ATMs, operations were almost paralysed in the public sector banks, reports received from various parts of the country said.

"Strike is running successfully on the second day," UFBU Convenor C H Venkatachalam said.

United Forum of Bank Unions (UFBU) has given the two-day strike call to protest delay in settlement of issues like wage revision, second pension option.

Employees are also protesting the government s policy of privatisation and consolidation.

Operations of state-run banks remained almost paralysed yesterday as about nine lakh employees went on stir.

There are 26 public sector banks with around 60,000 branches across the country.

Last month, officers of SBI and its associate banks went on a strike against the merger of State Bank of Saurashtra with its parent State Bank of India. Two days later, a section of bank employees of nationalised banks also went on a stir to protest the same issue.

Despite series of protests, SBS has been merged with the State Bank of India.
Source : PTI

 Post Your Feedback   
Name
Email ID
Comments
 Other Features
News today
Press Releases
Stock Research
Market Tools
Print this page
Mail this page
Archives

  
More Finance News
Shutdown paralyses Telangana
Indian Railways to upgrade 1000...
Tiger Woods scandal cost sponsors...
ICICI sees growth in 2010
'3 idiots' makes a record breaking...
Oil tops $79 mark amid supply...
China grew at 7.8pc in 12 months
Police go shopping for hi-tech...
Pay more for that crunchy bite next...
Financial resolutions for 2010
Tighter credit won't ease inflation
Oil price might rise "reasonably"
Jingle bells in Ahemdabad
Delhi earns 8,300 crore in taxes
Blackberry blacksout in America
Citigroup returns $20 bn in bailout...
India may Raise Interest Rates in...
Spice Mobile's Bangladesh...
100 million world bank loan for...
Do's n don'ts of an insurance...
Indian rupee holds steady

    WORTH A CLICK
  Sarees
Baby Clothes
Jewellery
Bluetooth Headsets
Health & Fitness