STOCK MARKET BSE NSE

Banking Operations Paralysed as 3K Staff Keep Off Work

Banking operations in the region were affected following a strike by public sector bank employees, pressing for early wage revision settlement on Monday.

Published: 11th February 2014 08:25 AM  |   Last Updated: 11th February 2014 08:25 AM   |  A+A-

UCO-Bank

Banking operations in the region were affected following a strike by public sector bank employees, pressing  for early wage revision settlement on Monday. Over 3000 employees from 105 banks participated in the strike following nation-wide call from bank unions.

The protestors gathered in front of banks and raised slogans against the Centre’s banking policies.C Karunankaran, a bank employee leader, told Express that transactions worth ` 250 crore in the form of cheque clearances, deposits and withdrawals were affected owing to the strike that is set to continue on Tuesday as well.

The final wage revision settlement, due since November 2012, was yet to be announced, he noted.  Though the employees had sought 30 per cent hike in their salary, the Indian Banks Association offered a 10 per cent hike during a meeting held on February 6.The employees demanded that non-performing assets of ` 1,65,000 crore be recovered from defaulters and cases filed against them. The workers’ unions were against new banks being established through corporate houses and foreign direct investment(FDI)in the banking sector.

The bank employees called for nationalisation of all private banks and opening of banks in rural areas deprived of  banking facilities.

Stay up to date on all the latest Tamil Nadu news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp