Bankers to strike work on Aug 22 to protest proposed reforms

Marco Green
August 22, 2017

As nine bank unions with 10 lakh employees across India are holding a strike against privatisation of public sector banks (PSBs) on Tuesday, services at PSBs are likely to be hit.

Besides raising a host of other demands, the services at public sector banks may take a hit on Tuesday. But government so far has desisted from such methods, he added.

In order to protest against the banking reforms proposed by the Centre, the bank employees are calling strike on August 22.

West Bengal convenor of UFBU, Siddhartha Khan said that the government is ushering in privatisation and consolidation in the Indian banking sector in the garb of reforms.

Among those who joined the protest include Ganesh Kumar, T.K Tikoo, Vinod Gupta, Kamal Kumar, Rakesh Gupta, R.K Bhat, R.K Bamba, Kewal Kumar, Yogesh Kumar, Harbans Lal and Nazir Ahmed.

It is in support of the demand for stringent measures for recovery of bad loans, withdrawal of proposed FRDI (Financial Resolution and Deposit Insurance) Bill, abolition of Banks Board Bureau, adequate recruitment in all cadres and resolution of issues relating to employees, Mr.Sarma said.

"No work will take place across public sector banks as they will remain locked", M S Jaishankar, president All India SBI Officers' Co-ord Committee, told Business Today. Reports stated that banking operations at private lenders like ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank are believed to be normal. On August 16th, during the meeting, the IBA could not commit to resolving any of the demands of UFBU. Since no such assurance was given, the UFBU said it has made a decision to go ahead with the strike. "There was no assurance from the government and the management of banks".

All India Bank Officers' Confederation General Secretary DT Franco said unions were left with "no other option but to go on strike" as the conciliation meeting with the chief labour commissioner failed.

UFBU, which claims membership of almost 1 million bank employees across banks, also requested the government for cost reimbursement of demonetisation to banks.

Other reports by Click Lancashire

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