PSU Bank Employees On Strike: Banking Operations Hit Partially

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Banking operations were hit partially on Friday as a section of public sector banks’ employees went on a strike across the country to protest the violation of bilateral settlement agreement by associate banks of State Bank of India (SBI).

Some of the services like cash handling at branch level and clearing of cheques were affected in the banks where the presence of All India Bank Employees’ Association (AIBEA) is strong.

Private sector banks and country’s largest lender SBI continues to function normally.

As precautionary measures, most of the banks, including United Bank of India, had issued advisory to their customers saying they will take all necessary steps in terms of existing guidelines for smooth functioning of branches or offices on the day of strike, in the event it materialises on January 8.

The strike call was given on December 28 to protest violation of the bilateral settlement by five associate banks of the SBI and their attempt to force unilateral service conditions on the employees, AIBEA general secretary C H Venkatachalam had said.

Five subsidiaries of SBI are State Bank of Travancore, State Bank of Mysore, State Bank of Patiala, State Bank of Hyderabad and State Bank of Bikaner and Jaipur.

PSU-Bank-Employees-On-Strike-Banking-Operations-Hit-Partially

Asmaa Mubita is a Kenyan journalist of international repute with over fifteen years of experience in broadcast journalism. Asmaa Mubita began his journalism career at the Kenyan state broadcaster (KBC) and later worked at the KTN owned by the Standard Group and Citizen Television, the flagship brand of Royal Media Services. These exploits together with his reporting experience with the Voice of America, CNN and BBC have been rewarded with local and global recognition.