Bank operations paralysed in Bengaluru as public banks observe day-long strike

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The strike paralysed banking operations in the state. The bank unions have already announced about the strike.Bank employees participated in the dharna staged at the SBI office in Gandhi Nagar on Tuesday.

The strike was called by UFBU, an umbrella body of nine organisations that includes All India Bank Employees Association, All India Bank Officials Council, National Council of Bank Employees, All India Bank Officers Association and Bank Employees Federation of India. The shared platform has also announced it.

The strike has been called by unions under the aegis of the United Forum of Bank Unions (UFBU).

Banking transactions were paralysed on Tuesday as all the public sector banks and some of the select private sector banks went on a day's strike across Bengaluru.

Bank unions have sought to meet Prime Minister Narendra Modi after the morcha it plans to hold on September 15, to put forth their concerns over the consolidation and merger of public sector banks. As many as 21 public sector banks control 75 per cent of the total business.

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"It is a dawn-to-dusk strike as cheque clearing operations start at 6 am, Bankers working in around 10,300 branches struck work protesting the policies towards the sector", CH Venkatachalam, General Secretary, AIBEA told IANS. The group believes that the privatisation of banks would be unsafe for the country and its people. ATMs are also likely to empty sooner than usual as bank branches will remain shut.

Normally in the three clearing grids functioning from South, West and North - Chennai, Mumbai and Delhi - on an average about 40 lac cheques and instruments worth about Rs 20,000 crore are transacted per day.

UFBU also demands immediate implementation of the parliamentary committee recommendation on recovery of NPA and adequate recruitment in banks, ” the striking staff said.

Most of the banks in Manipur were closed down as part of an all India strike.