Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » India
1-min read

Bank operations hit as strike enter day 2

Employees of public sector insurance companies, including LIC and New India Assurance, also participated in the strike.

Press Trust Of India

Updated:February 21, 2013, 10:44 AM IST
facebookTwitter Pocket whatsapp
Bank operations hit as strike enter day 2
Employees of public sector insurance companies, including LIC and New India Assurance, also participated in the strike.

New Delhi: Normal banking operations were hit for the second day today as public sector bank employees continued their strike. The two-day nationwide strike call, demanding early wage revision among other issues, was given by United Forum of Bank Unions (UFBU) that comprises nine national unions.

It was, however, business as usual at private sector banks like ICICI Bank and HDFC Bank. Employees of public sector insurance companies, including LIC and New India Assurance, also participated in the strike.

On Wednesday, cheque clearing operations, electronic fund transfers, forex transactions and money market operations were disrupted across the country due to the strike and the situation remained more or less similar as per the latest reports. Apprehending disruption in normal operations, many public sector banks had already informed customers about the strike.

Sources said banks have taken steps to ensure that public do not face problems at least on the cash front during the strike period. Banks have replenished ATMs to meet the requirements in these two days, they added. Despite these measures, some ATMs went dry at commercial hubs.

Bank unions are pressing for early wage revision of employees, which they said is due from November, 2012. They are also opposing banking sector reforms and any plan for merger of banks. There are 26 public sector banks with employee strength of around 10 lakh in the country.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results