Source: Agencies29 Jul 2016 13:18:27

New Delhi, July 29: Banking operations across the country were hit on Friday, as many public sector banks including State Bank of India with the employees of 8-10 lakhs are on a strike for one day. They have already informed the customers about this strike. Not only banks but the ATMs are also closed. However, private sector banks like ICICI Bank were working as usual.
The strike has been called as a mark of protest against central government’s policies for the sector and the merger of five associate banks of State bank of India with the parent. The protest is on due to privatization of IDBI bank also.  Common people are affected most by this strike. This time bank unions under the United Forum of Bank Unions (UFBU) wanted the strike to be heard in Parliament also.

C.H. Venkatachalam, General Secretary of the All India Bank Employees Association said, “The strike involves employees and officers of public sector banks, old generation private banks and foreign banks with a total of more than 80,000 branches.” He further said, the strike was against the unwarranted banking reform measure.”

Basically, this strike is creating various problems for common people and also affecting large amount of business transactions too. Bank of India, Bank of Baroda, Punjab National Bank, Canara Bank, Central Bank of India, Oriental Bank of Commerce, Bank of Maharahtra, Syndicate bank, Punjab and Sindh Bank, Corporation Bank, Union Bank etc are on strike.