According to a report by news agency PTI, banking services were partially impacted on Monday as a section of bank employees did not report for duty. Some bank branches, particularly in cities with a strong trade union movement, did very limited over-the-counter public dealings such as cash deposits and withdrawals.
However, services in private banks were hardly impacted due to the bank strike. There might have been a delay in cheque clearances and government treasury operation might have also be affected by the strike.
All India Bank Employees’ Association (AIBEA) General Secretary CH Venkatachalam on March 28 said the impact of the strike was prominent in eastern India particularly, as several public sector banks in the region closed due to the strike. In the other regions, branches are open as officers are present but services are being impacted due to many employees participating in the strike, he said.
Bank unions are protesting against the government’s move to privatise two public sector banks as announced in Budget 2021-22, PTI reported. They are also demanding an increase in interest rate on deposits and reduction in service charges.
With inputs from News18
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