News Business Staff of PSU banks observe strike; operations hit

Staff of PSU banks observe strike; operations hit

New Delhi: Operations in public sector banks were hit across the country as their employees went on a one-day strike today to press for wage revision and other demands but private sector banks were not

staff of psu banks observe strike operations hit staff of psu banks observe strike operations hit
New Delhi: Operations in public sector banks were hit across the country as their employees went on a one-day strike today to press for wage revision and other demands but private sector banks were not affected.

Services like cheque clearances, withdrawing and depositing of money in PSU bank branches were affected.

However, ATMs functioned providing some succour to customers.

Private sector banks like ICICI Bank, HDFC Bank and Axis Bank functioned normally because their staff were not on strike.

Reports from various regions suggested that branches of public sector banks remained non-operational. In Patna some private sector bank branches were forced by strikers to close.

"Even though unions had given notice for the strike one month ago, the Government and IBA did not take necessary steps to resolve the demands. Hence, the strike has been forced on us," United Forum of Bank Unions (UFBU) convener C H Venkatachalam said.

Latest Business News