Wednesday, March 17, 2021

Bank strike goes digital amid Covid curbs

Bank strike goes digital amid Covid curbs

TIMES NEWS NETWORK

Bhopal:17.03.2021 

As the bank strike entered the second day on March 16, the agitating employees and officials were active on social media following new Covid curbs announced by the state government.

There were standalone agitations by the bank personnel as they stood in one corner of a public place with placards.

Banking business worth over Rs3 crore was affected in Bhopal alone following the two-day strike called byemployees and officials of 12 public sector banks in protest against the privatisation of public sector banks (PSBs) and retrograde banking reforms. All the 500 bank branches were shut down completely after 5000 bank employees participated in the strike on the second day. In all, the banks had been closed for four days — Saturday and Sunday included.

Senior bank employees and officials’ leaders like VK Sharma, Sanjeev Sablok, Madan Jain, Arun Bhagoliwal, Deepak Sharma, Nazeer Qureshi and Naleen Sharma among others were active during the day coordinating with the agitating personnel to ensure that the Covid SOPs are followed during the strike, said a member of the coordinating committee of United Forum of Bank Union (UFBU), an umbrella body of nine bank unions which called for the two-day nationwide strike on March 15 and 16.

The UFBU claimed that over Rs8 lakh crore money of banks was stuck as non-performing assets (NPAs) when a large number of business houses failed to return loans. “Those who failed to pay the loans may become the bank owners also after privatisation,” a bank personnel feared.

Services such as deposits and withdrawal at branches, cheque clearance and loan approvals were affected completely due to the strike. There were complaints of cash exhaustion in many ATMs of the state capital.

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