Banks strike continues for second day

Banks strike continues for second day

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 on Thursday.

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.