Banking operations hit by state-run banks staff strike

Banking operations at PSU banks hit with employees on a say’s strike

"The strike is a huge success".

Venkatachalam said around 12 lakh financial instruments valued at around Rs 7,300 crore could not be cleared. Foreign exchange transactions, import and export bill transactions and sanction of loans, among others, were also affected.

In Patna, all clearing operations remained closed.

"The strike was a total success in Maharashtra".

Besides clearing and processing of cheques, ATM operations were also hit in the State as they were not replenished during the day. Venkatchalam said the government should abolish the Banks Board Bureau and ensure stringent measures to recover bad loans and accountability of top executives. A few of the employees had also gathered in front of the Regional Office of Canara Bank in Nazarbad and staged protest.

Malkeet Singh said after the strike on August 22, a massive rally would be conducted on September 15 followed by continuous strike for two days in October or November. He said, "Wages and service conditions in the banking sector are governed by the industry level Bipartite Settlement signed by the Indian Banks' Association (IBA), Workmen Unions and Officers Associations operating in the banking sector".

Twenty one public sector banks, including SBI and IDBI, are likely to see major disruption in operations tomorrow as bank unions go on a nation-wide strike.

Bank services at Public sector will be affected by the strike on Tuesday.

“The strike was 100 per cent successful in Assam and other parts of the Northeast.

Out of about 90,000 employees in the banking sector in Bengaluru, 80,000 employees upto the rank of Manager participated in the strike.

The demand of UFBU includes, it aims to stop the merger of banks and their privatization. The government should allow banks to take criminal action against the defaulters.

According to union leaders, around a million bankers working in around 1,32,000 branches will be on strike. Though ATMs were operational, some ran out of cash by noon as there were no replenishments.

Related News:

  • Sharapova given wildcard for US Open

    Sharapova given wildcard for US Open

    The 30-year-old won the US Open in 2006 and last played there in 2014, but will be unseeded for this year's event in NY . The five-time Grand Slam victor will face a hard road at the Open as one of eight wild card qualifiers.
    Costa could return to Chelsea

    Costa could return to Chelsea

    Former Atletico Madrid defender Tomas Ujfalusi says he hopes Chelsea striker Diego Costa returns to the Liga club. SunSport also understands Costa has not contacted the PFA over his claims he is being "treated like a criminal".
    Benchmark explains why they're suing Uber's Travis Kalanick

    Benchmark explains why they're suing Uber's Travis Kalanick

    Other Uber shareholders led by Shervin Pishevar of Sherpa Capital have vehemently opposed Benchmark's lawsuit . Nevertheless, he doesn't think Uber's recent board troubles will be the company's downfall.
  • Diego Costa claims Chelsea team-mates still back him despite Antonio Conte's verdict

    Diego Costa claims Chelsea team-mates still back him despite Antonio Conte's verdict

    Speaking on Match of the Day , Shearer said: "The first thing he did [when he came on] was ask questions of the back four". Costa was a spectacular guy when I played with him is a fighter who always leaves everything on the pitch.
    Uber failures led to 2014 hack exposing 100k drivers' details — FTC

    Uber failures led to 2014 hack exposing 100k drivers' details — FTC

    Uber also failed to incorporate an encryption security for personal user information. However, according to the FTC, Uber stopped using that system within a year.
    A rare and elusive white moose has finally been captured on video

    A rare and elusive white moose has finally been captured on video

    In July, Jessica Hemlin photographed a white moose that regularly visits her garden in Munkeda, which is also in western Sweden. He has the aura of someone wearing a flower crown... without being someone who wears a flower crown.
  • Indian IT company Infosys CEO Vishal Sikka resigns

    Indian IT company Infosys CEO Vishal Sikka resigns

    Shares of INFOSYS LTD. was last trading in BSE at Rs.923.1 as compared to the previous close of Rs. 1021.15. Sikka has been appointed as the Executive Chairman of the company, until a new MD and CEO takes charge.
    Van Plows Into Crowd Of Pedestrians In Barcelona, Spain

    Van Plows Into Crowd Of Pedestrians In Barcelona, Spain

    The van sped down a pedestrianised area hitting people while others jumped into nearby retailers for protection. Police are also asking people in the area of the plaza to stay in place until they are given the OK to leave.
    Sharapova to make her Grand Slam return at the US Open

    Sharapova to make her Grand Slam return at the US Open

    She has not competed in a Grand Slam event in almost 18 months. "But mostly, I think she hated me for hearing her cry". Sharapova has an additional five Grand Slam finals on her resume, as well as an additional 10 trips to the semifinals.
  • Over 200 Daesh Militants Killed in Strikes on Deir Ez-Zor: Russia

    Over 200 Daesh Militants Killed in Strikes on Deir Ez-Zor: Russia

    Just over a week ago Shoigu said the fall of ISIS in Deir ez-Zor might signal the end of the jihadist's self-proclaimed kingdom.
    BioWare Confirms No DLC For Mass Effect Andromeda

    BioWare Confirms No DLC For Mass Effect Andromeda

    You can read the full announcement from BioWare here where you can also stay up to date on future news about multiplayer updates. Have you played Mass Effect: Andromeda's single player lately? Let's just hope that Anthem will be BioWare's hail mary.
    Oil slide stops at $48 as US stocks drop again

    Oil slide stops at $48 as US stocks drop again

    OPEC member Angola released a loading plan showing October exports were planned at a 13-month high. Aside from supply and demand, investors also closely followed developments in the U.S.


Most liked

Gionee launches X1 in India for Rs 8999
In terms of design, the Gionee X1 sports a metal unibody design with a metal frame all around, giving it an overall premium look. Also, there are a bunch of basic sensors on the device like accelerometer, ambient light sensor, and proximity sensor.

Samsung Bixby Personal Assistant Arrives In UK
Ahead of the launch, Samsung has already confirmed that the Note 8 will come with S8-like infinity display and S-Pen. The update - which is already available in the United States and South Korea - should already be on your phone.

Dodgers Claim Pitcher From Astros, Ship Another Off To Mets
He hit 26 home runs as a rookie in 2015 and was named to the National League All-Star team, but a massive second-half slump resulted in him hitting.210 that season.

Honoring victims of attacks, Barcelona wins league opener
Prediction: As per the past performance, team strength, home, it will be Barcelona to win this game against Betis with 3-1. Inside the stadium, the club will hold a moment of silence before Sunday's La Liga opener against Real Betis .

US Pacific Command chief to visit S. Korea: Japanese newspaper
They stressed that the exercises would "further drive the situation on the Korean Peninsula into a catastrophe ". An official at Seoul's Defense Ministry said that plans for the exercises were finalized several months earlier.

Pliskova sweeps into Cincinnati semis, Nadal comes up short
In the final game, Pliskova saved four match before sending a forehand wide to surrender the break and the match after 79 minutes. A quick hold to love, capping off the game with a forehand victor was just what she needed to kick off the second set.

British TV star Bruce Forsyth dies aged 89
In a post on Instagram, Tess Daly's husband and TV host Vernon Kay said it was "devastating news" that Sir Bruce had passed away. The beloved presenter was most recently on our screens on BBC's Strictly Come Dancing but stepped down due to ill health.

Virginia Governor to White Nationalists: 'Go Home'
The Virginia city is still reeling after violence at a "Unite the Right" rally held by white nationalists, neo-Nazis and members of the "alt-right".

Deadpool Cosplayer Taylor Swift Deletes Social Media Presence
We may have an answer soon , and it seems like many of her fans won't be at ease until we do. While one fan wrote: " Taylor Swift is NOT playing anymore".

Cautionary tale: Man goes partially blind after 1963 solar eclipse
Years later during a check-up, his doctor immediately recognized the signs and asked him if he looked at a solar eclipse. According to experts, the only time it is safe to look at the sun is when it is completely eclipsed by the moon.

Jaguars quarterback controversy after second pre-season game
Winston had two passes dropped, including what would have been a 43-yard touchdown strike to Mike Evans in the first quarter. He has been a turnover machine , but in this game, Bortles was an accurate passer with no turnovers. "It's just simple.

Gorakhpur hospital deaths not caused by oxygen shortage: Central govt team
The petitioners also prayed for directions so that stern punishment was meted out to those held responsible for the deaths. Harjit Singh Bhatti, who heads an association of resident doctors at the All India Institute of Medical Sciences or AIIMS.

Kenya's defeated Odinga to take poll dispute to top court
The opposition last week said going to court was not an option, but Odinga is making it clear it is an option now. The worldwide community and many within Kenya have urged Odinga to use legal means to express his grievances.

Ant McPartlin reveals how painkiller addiction 'nearly killed him'
The fracture then turned into a 2cm hole in the bone, which meant he was in constant pain while his leg was in a brace. That's what they tell you, 'You're still in recovery'. "I'm still in pain but managing it a lot better".

Government sets out post-Brexit customs plan
The government will set out its proposed solutions for the border between Northern Ireland and Ireland in detail on Wednesday. The government admitted there would be "an increase in administration compared with being inside the EU Customs Union".