2-day bank strike from today

ST Correspondent
Wednesday, 30 May 2018

The strike will hit banking operations across the country

Pune: The two-day nationwide strike by bank officials and employees of various State-run banks on May 30 and 31 is likely to hit banking operations as ATM services and salary withdrawal operations will be affected by the strike. However, online transactions will not be affected by the bank strike.

“The 48-hour strike will start from 6 am of May 30 to 6 pm on May 31 where all public sector banks, regional rural banks, old generation private sector banks and some of the foreign banks and around 10 lakh employees from the country and 60,000 employees from Maharashtra which include officers too, will participate in the strike,” said Devidas Tuljapurkar, General Secretary of Maharashtra State Bank Employees’ Federation.

Ravindra P Marathe, MD and CEO of Bank of Maharashtra, said, “A nationwide strike has been called by various bank-employee organizations on May 30 and May 31, 2018, which might disrupt the normal banking services at branches of our Bank. Hence, we urge our customers to make the maximum use of digital banking services like UPI, MahaMobile app, internet banking facilities for their transactions. We have ensured that our digital banking systems and ATMs (for those who need cash) are available at all times for the convenience of our customers.”

Stating the reason for the strike, Vishwas Utagi, former vice president of All India Bank Employees Association. said, “In the previous year, bank officials were offered with 15 per cent of hike in wage which is the average for many years, but this year, the hike in wage offered to the employees by the Indian Banks Association (IBA) is just two per cent.”

Utagi added, “This is because the banks are in losses for the provisions of non-performing assets, where the four per cent of the overdue problem is with the corporates and their big loans.”

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