Bank strike: ATMs in TN may run dry
TIMES NEWS NETWORK
Chennai:23.09.2019
Around 20,000 automated teller machines (ATMs) in Tamil Nadu might run out of cash coming weekend because of a nation-wide strike called by bank officers’ unions.
According to All India Bank Officers Confederation (AIBOC), more than 40,000 bank officers are expected to participate in the strike on Thursday and Friday (September 26 and 27). This will have a direct impact on transactions worth ₹6,000 crore in Tamil Nadu, said R Sekaran from AIBOC, adding that ATMs might run dry as refilling cash is mostly done only under bank officials’ supervision.
Cash refilled in ATMs on Wednesday will hardly be sufficient till Friday morning, he added. “Though we don’t want to cause any inconvenience to members of the public, we are forced to strike because of government’s unilateral decisions.” While banks will remain open, officials will abstain from work.
Operations of 2.12 lakh ATMs and transactions worth ₹48,000 crore are expected to be affected across the country. The strike is against mergers and amalgamations in the banking sector and to press for wage revision, adequate recruitment, reduction of service charges for customers and immediate introduction of fiveday week in full.
TIMES NEWS NETWORK
Chennai:23.09.2019
Around 20,000 automated teller machines (ATMs) in Tamil Nadu might run out of cash coming weekend because of a nation-wide strike called by bank officers’ unions.
According to All India Bank Officers Confederation (AIBOC), more than 40,000 bank officers are expected to participate in the strike on Thursday and Friday (September 26 and 27). This will have a direct impact on transactions worth ₹6,000 crore in Tamil Nadu, said R Sekaran from AIBOC, adding that ATMs might run dry as refilling cash is mostly done only under bank officials’ supervision.
Cash refilled in ATMs on Wednesday will hardly be sufficient till Friday morning, he added. “Though we don’t want to cause any inconvenience to members of the public, we are forced to strike because of government’s unilateral decisions.” While banks will remain open, officials will abstain from work.
Operations of 2.12 lakh ATMs and transactions worth ₹48,000 crore are expected to be affected across the country. The strike is against mergers and amalgamations in the banking sector and to press for wage revision, adequate recruitment, reduction of service charges for customers and immediate introduction of fiveday week in full.
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