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Bank strike loss in Indore is Rs 390 crore

Thursday, 19 December 2013 - 2:00pm IST | Place: Indore | Agency: DNA
Banking operations hit in the city as 4,200 employees go on strike to press for their demands.

Banking operations came to a standstill as more than 4,200 employees of various government banks went on a strike on Wednesday.

More than 30 banks including 19 nationalised banks including some private players too had been shut during the day.

Salary related issues and privatisation of government banks was the major cause behind the strike. The bank employees assembled at Punjab National Bank located near Seetla Mata Temple in Kothari Market. From there, the employees rallied to the State Bank of India situated at YN Road.

The rally which passed through Satha Bazaar, Bohra Bazaar and Sarafa was organised under the aegis of MP Central Bank Officer’s association and United Forum of Bank Unions.

The office bearers of many associations addressed the employees and raised concerns against privatisation of banks.

Krishna Mohan Shukla, one of the executives of the Union said, “Many banks including the 19 nationalised banks, IDBI, State Bank of India, Jammu and Kashmir Bank, Federal Bank Karnataka, Karur Vaishya Bank and Dhanlaxmi Bank kept their branches closed.” 

Shukla said that further strategy would be chalked out in the meeting of various unions in Hyderabad on December 23.  Estimating exact loss in banking operations due to the strike is bit difficult but on normal days, the magnitude of banking transactions remains around Rs 390 crore in Indore, said Shukla.   With the strikers freezing work, large numbers of customers were seen facing a lot of inconvenience for their routine banking tasks.

What the employees want?
A pact be signed taking cognisance of the salary agreements

Discontinuation of ‘haphazard’ actions on the pretext of banking reforms

No more privatization of banks

No more outsourcing

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