Bank strike on 22 August 2017 is completely successful: AIBEA General Secretary C M Venkatachalam

Bank services are affected in the National Capital Region (NCR) on Tuesday due to All-India Bank strike on 22 August 2017 of bank personnel against the proposed government policies to improve banking sector.

bank strike on 22 august 2017 An official of the United Forum of Bank Unions (UFBU), the organization of nine bank associations calling for a strike, said that more than 10 lakh bank employees employed in 1,30,000 branches of the country are involved in the strike, due to which the work of check clearing has influenced.

UFBU is opposing reforms in the banking sector and other issues.

All India Bank Employees Association (AIBEA) general secretary C.H. Venkatachalam told “The strike is completely successful. Bank officials performed outside the branches on the previous evening (Monday) in protest of the government’s move towards the merger and privatization of banks.”

Failed Negotiations cause Bank Strike on 22 August 2017

The strike happened after the negotiations failed on Friday between the UFBU and the Indian Banks Association, the Chief Labor Commissioner, and the Financial Services Department (FSD) on Friday.

State Bank of India (SBI) said in the regulatory register in BSE, “All India State Bank Officers Federation and All India State Bank of India Staff Federation will be involved in the strike as part of UFBU. There is also a possibility.”

AIBEA said in a statement issued on Tuesday that key demands in 17-Point Demands relate to refusing to provide adequate capital to the public sector banks, thereby creating a situation of privatization.

AIBEA said, “Privatization of banks means that 80 lakh crore rupees will be privatized by the general public in our banks.”

The organization said, “This is risky for the country and the people. With the privatization of banks, the priority areas like agriculture, rural development and education will not be able to get loans.”

According to the statement, “Today’s major problems of banks are increasing the level of bad loans, which is about 15 lakh crore at this time, which is about 20 percent of the total loan, a substantial portion of the bad credit is being made by large industrial houses and corporate houses.”

Leave a Reply

Your email address will not be published. Required fields are marked *