He said bank employees are also facing innumerable problems in commuting to their branches and offices due to curbs imposed by the various state governments.
Over 10 lakh bank employees and officers are participating in the strike.
Unions protest against privatisation, operations affected in 6K branches.
Banking sector enters danger zone with non-stop increase in bad loans: All India Bank Employees Association
The CCBIFU Chairman said the latest is the IBC a Insolvency and Bankruptcy Code. The BJP-led NDA Government has brought this as a mechanism to deal with bad loans.
Low salary hike: Public Sector bank employees to go on nationwide strike from today; banking services to be disrupted
Most of the banks, including SBI, PNB and BoB, have already informed their customers that functioning of branches and offices will be impacted if the strike takes off.
The United Forum of Bank Unions (UFBU) proposed the strike beginning 6 a.m. on May 30, till 6 a.m. on June 1, demanding early revision of wages.
The Unions have given a call to organise massive demonstrations by bank employees all over the country on May 9, 2018.
Meanwhile, none of the five ATMs checked in the Pondy Bazaar area had cash and the scenes were similar in Nandanam with long queues in front of almost every ATM.
All India Bank Employees' Association demands nationalisation of ICICI Bank, Axis Bank in view of recent scams
AIBEA demands Union Government to Nationalise ICICI Bank and Axis Bank as there are serious charges of corruption and nepotism in sanction of loans.
AIBEA General Secretary said ever since PNB-diamantaire Nirav Modi's Scam came to light, there has been strong voice from different corners demanding privatisation of PSBs
Around 12 lakh financial instruments valued around Rs 7,300 crore would not be cleared, and with branches closed, automatic teller machines might get empty sooner than normal.