- Around 10 lakh PSU bank employees may go on strike on Tuesday
- No impact expected on private banks except delay in cheque clearances
- As many as 21 public sector banks control 75% of the total business
Here are some important things to know about the proposed one-day strike tomorrow:
Deposit and withdrawal in public bank branches, cheque clearance, NEFT and RTGS transactions will be affected.
While most public sector banks have informed their customers that functioning of branches and offices will be impacted if the strike takes off, operations at private lenders - like ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank - are expected to be normal except delay in cheque clearances.
As many as 21 public sector banks control 75 per cent of the total business.
The unions under the UFBU announced the strike after talks with the government over a proposed consolidation move across the sector were inconclusive, among other demands. They opposed the government's proposed consolidation move besides raising a host of other demands. West Bengal convenor of UFBU Siddhartha Khan had earlier said that the government is ushering in privatisation and consolidation in the Indian banking sector in the garb of reforms.
Other demands include a no write-off policy for non-performing assets (NPAs) or bad loans of corporate loans, declaring wilful default of loans as criminal offence and implementation of recommendations of Parliamentary Committee on recovery of bad loans, the agency cited AIBEA General Secretary C H Venkatchalam as saying. The unions have also requested the government for cost reimbursement of demonetisation to banks.
NOBW Vice-President Ashwini Rana said the government should provide overtime for additional work during demonetisation. He also suggested that banks should not pass on the burden of corporate NPAs to bank customers by hiking charges.
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