On Tuesday, banking services were disrupted to some extent for the second day, as a group of bank employees joined the nationwide strike called by central trade unions. Employees who did not report for duty disrupted transactions at various public sector banks. Furthermore, the walkout caused delays in cheque clearances and hampered government treasury operations.
As per AIBEA reports, about 6 lakh cheques/instruments worth about Rs 5,000 crore could not be sent for clearance in the Southern Grid functioning in Chennai during our strike yesterday and today because branches did not function due to the strike," said All India Bank Employees Association (AIBEA) general secretary CH Venkatachalam. He said that about 20 lakh cheques totaling Rs 18,000 crore could not be approved at the national level.
Bank unions are protesting the government's decision to privatise two public sector banks, which was announced in the 2021-22 Budget. They also want the interest rate on deposits to be raised, as well as the service fees to be reduced.
Apart from AIBEA, the Bank Employees Federation of India (BEFI) and the All India Bank Officers' Association (AIBOA) have joined the two-day strike called by the joint forum of central trade unions and various sectoral independent trade unions to protest the government's alleged anti-people economic and anti-worker labour policies.