ATMs go dry, cheques not cleared
CHENNAI, JANUARY 09, 2019 00:00 IST
On a war path:Members of the bank unions staging a demonstration in front of theCanara Bank head office in Madurai.S.
CHENNAI, JANUARY 09, 2019 00:00 IST
On a war path:Members of the bank unions staging a demonstration in front of theCanara Bank head office in Madurai.S.
KRISHNAMOORTHYs_krishnamoorthy
Strike cripples work in banks across the State; export, import bills not processed
Several bank employees across Tamil Nadu participated in the countrywide strike on Tuesday called by various trade unions, including the Indian National Trade Union Congress (INTUC), the All India Trade Union Congress (AITUC) and the Centre of Indian Trade Unions (CITU). While the branches were kept open, hardly any transaction took place.
“Several ATMs went dry, cheques worth over Rs. 6,000 crore could not be processed, trading transaction was stopped, there was no banking transaction,” said C.H. Venkatachalam, general secretary, All India Bank Employees Association. He added that inter-transactions were hit and export and import bills could not be negotiated.
The demands of the striking workers were social security cover for all staff, strict enforcement of labour laws, tough action against employers for violation of labour laws, assured pension for all workers and employees and opposition to disinvestment in Central and State PSUs or undertakings. The other demands include recovering huge corporate bad loans, making adequate recruitments in all banks, and stopping outsourcing of regular bank jobs. “All our branches were open. Only a section of employees participated in the strike,” said an Indian Bank official in Chennai.
In an announcement to the stock exchange, Indian Bank said that a section of employees might take part in the strike called by All India Bank Employees’ Association (AIBEA) and Bank Employees Federation of India (BEFI) on January 8 and 9 and the normal functioning of the branches / offices of the bank may get affected.
An exception
An IOB official said that its employees were not participating in the strike and its branches were functioning normally. Karur Vysya Bank Ltd in a filing with the Bombay Stock Exchange said, “If the strike call materialises, the workmen of our bank may take part in the proposed strike on the said date, in which occasion the normal working of the branches/offices of the bank may get affected during the day.”
Banking operations were impacted in other parts of the State too. In Coimbatore, counter transactions were affected in several banks. At Canara Bank in Coimbatore, an official said, “The officers did not take part in the strike. Non- financial business continued.”
Over 300 out of 1,500 bank staff abstained from work in Virudhunagar. Transactions at public sector banks, barring the State Bank of India and the Indian Overseas Bank, were affected in Tiruchi and other districts in the Central region. Business operations were also hit in public sector banks at Pudukottai, Ariyalur, Perambalur and Karur besides at Thanjavur.
According to data from State Level Bankers Committee, Tamil Nadu, nationalised banks had nearly 6,600 branches across the State. Old private sector banks had 1,925 branches.
Strike cripples work in banks across the State; export, import bills not processed
Several bank employees across Tamil Nadu participated in the countrywide strike on Tuesday called by various trade unions, including the Indian National Trade Union Congress (INTUC), the All India Trade Union Congress (AITUC) and the Centre of Indian Trade Unions (CITU). While the branches were kept open, hardly any transaction took place.
“Several ATMs went dry, cheques worth over Rs. 6,000 crore could not be processed, trading transaction was stopped, there was no banking transaction,” said C.H. Venkatachalam, general secretary, All India Bank Employees Association. He added that inter-transactions were hit and export and import bills could not be negotiated.
The demands of the striking workers were social security cover for all staff, strict enforcement of labour laws, tough action against employers for violation of labour laws, assured pension for all workers and employees and opposition to disinvestment in Central and State PSUs or undertakings. The other demands include recovering huge corporate bad loans, making adequate recruitments in all banks, and stopping outsourcing of regular bank jobs. “All our branches were open. Only a section of employees participated in the strike,” said an Indian Bank official in Chennai.
In an announcement to the stock exchange, Indian Bank said that a section of employees might take part in the strike called by All India Bank Employees’ Association (AIBEA) and Bank Employees Federation of India (BEFI) on January 8 and 9 and the normal functioning of the branches / offices of the bank may get affected.
An exception
An IOB official said that its employees were not participating in the strike and its branches were functioning normally. Karur Vysya Bank Ltd in a filing with the Bombay Stock Exchange said, “If the strike call materialises, the workmen of our bank may take part in the proposed strike on the said date, in which occasion the normal working of the branches/offices of the bank may get affected during the day.”
Banking operations were impacted in other parts of the State too. In Coimbatore, counter transactions were affected in several banks. At Canara Bank in Coimbatore, an official said, “The officers did not take part in the strike. Non- financial business continued.”
Over 300 out of 1,500 bank staff abstained from work in Virudhunagar. Transactions at public sector banks, barring the State Bank of India and the Indian Overseas Bank, were affected in Tiruchi and other districts in the Central region. Business operations were also hit in public sector banks at Pudukottai, Ariyalur, Perambalur and Karur besides at Thanjavur.
According to data from State Level Bankers Committee, Tamil Nadu, nationalised banks had nearly 6,600 branches across the State. Old private sector banks had 1,925 branches.
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