PSU banks strike work on day 2; customers peeved
Srinagar, Aug 23: On the second day today, the public sector banks in the state remained paralyzed due to strike against banking sector reforms and outsourcing of their non–core activities proposed by the central government.
The clientele of these banks had to face lot of inconvenience due to the strike.
The PSB employees in J&K were responding to two-day strike call by United Forum of Banks Union (UFBU).
Throughout India public sector banks remained closed protesting banking sector reforms and “unilateral” implementation of the Khandelwal committee report on human resources management in PSU banks.
“All our branches today were,” said Javid Iqbal, Assistant General Secretary SBI officers association, adding that from tomorrow the banks shall work normally.
About any future programme he said: “It will be chalk out by the UFBU which is spearheading the agitation against the government’s anti-employee move,” Iqbal said.
Meanwhile, the bank customers particularly the traders’ fraternity complained inconvenience.
“I could not encash a cheque for last two days as all the SBI branches were closed. Following Eid, the PSU banks in the Valley remained open only for one day,” said Muhammad Maqbool.
Pertinently, all the 140 branches of SBI and 90 branches of Punjab National Bank in the state were closed with more than 6000 and 3000 employees respectively abstaining from their duties.
Interestingly, besides opposing banking reforms, the PSB unions have been demanding pension revision, housing loan revision, five-day working week and human resource related issues.
According to reports, the strike affected operations of PSU banks throughout India, with more than 87,000 branches of public sector banks, employing over 10 lakh people remaining off.
The PSU banks, which operate 63,000 ATMs, control about 75 per cent banking business in the country.
According to reports, operations like deposit, withdrawal and clearings were affected.
Among other reforms, the Amendment Bill, 2011 has provisions for raising shareholders’ voting rights from 10 per cent to 26 per cent in private banks and supersession of bank boards.
The Centre-appointed Khandelwal panel had suggested a slew of measures, including more outsourcing of non-core activities in a time-bound manner.
Lastupdate on : Thu, 23 Aug 2012 21:30:00 Makkah time
Lastupdate on : Thu, 23 Aug 2012 18:30:00 GMT
Lastupdate on : Fri, 24 Aug 2012 00:00:00 IST
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