- Around 10 lakh bank employees on strike pressing various demands
- Online banking transactions won't be impacted, says a banking executive
- Critical operations of PSU banks like data centres remain open, he adds
The strike comes after between the unions , Indian Banks' Association, Chief Labour Commissioner and Department of Financial Services failed on Friday. An official of the United Forum of Bank Unions (UFBU) -- the umbrella body of nine unions which has given the strike call -- said "over 10 lakh bank employees spread in more than 1,30,000 branches across the country have struck work hitting cheque-clearing activity".
5 things to know about today's bank strike
1) Cheque clearances, NEFT/RTGS transactions as well as deposits/withdrawals at branches of public sector banks were affected. However, online banking transactions will not be impacted, a banking executive said.
2) Operations at private sector lenders such as ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank were normal except delay in cheque clearances.
4) A top union leader 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.
5) However, the critical operations of public sector banks like data centres remained open to facilitate online transactions, the banking executive added.
Meanwhile, a postal employees' union has threatened to go on a one-day strike on August 23 to protest against non-implementation of benefits suggested by a panel. The nationwide strike has been called by the National Federation of Postal Employees (NFPE), which represents around 4 lakh staff, to press for implementation of the benefits suggested as per a report by the Gramin Dak Sevaks committee.
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