Like our Facebook Page

news details

Bank unions to go on two-day nationwide strike; salary withdrawal, ATM transactions to be affected 5/29/2018 11:09:45 AM Agencies New Delhi: The two-day nationwide strike called by employees and officers of various state-run banks from May 30 (Wednesday) to May 31 (Thursday) is likely to hit banking operations. The strike may hit ATM services badly as monthly salary credits are expected on Thursday. Though online transaction will not be impacted, ATM closures could affect cash withdrawals. The Bank Union have called for a strike to protest a nominal 2 percent wage hike offered by the Indian Banks' Association (IBA). In the wage negotiation meeting held on May 5, 2018, IBA made a propositions to offer 2 percent hike in the wage bill cost as on March 31, 2017.It also maintained that the negotiations on officers demands would be restricted up to scale III officers only.As per further reports, ATM guards are also expected to participate in the strike. Hence, even if banks replenish ATMs with third party, the security of the ATMs can not be ascertained, impacting the cash withdrawals. Banks, however, have said that they will replenish the ATMs before employees go on strike to make sure that ATMs don't go dry. Banks have also reiterated that online transactions will continue to work even as employees go on strike. United Forum of Bank Unions' convener Devidas Tuljapurkar said that in the last two-three years, bank employees have worked tirelessly for implementation of government initiatives such as Jan-Dhan, demonetisation, Mudra and Atal Pension Yojana, among others.In the last wage settlement, which was for the period November 1, 2012 to October 31, 2017, IBA had give a wage hike of 15 percent. Bank employees have organised a demonstrations on May 29 at State Bank of India branch main branch in Mumbai. UFBU is an umbrella body of nine unions, including All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW).   Share This News with Your Friends on Social Network     Comment on this Story

top stories of the day

Rasana has changed Jammu's political scene GMC Principal 'proves herself incompetent before HC' HM says ready for talks, separatists say declare J&K a disputed area Miffed over insignificant postings, IGP opts for central deputation Shah Faesal's tweet treating Kashmir as separate entity from India evokes strong reaction Kashmir silent on man's slaughtering before family by militants Health centres in Kathua crave for staff RTIC Samba, Ghagwal headless since 2017, minister indifferent Soldiers pay heavy price, terrorists strike at will Land acquisition for Semi Ring Road: HC directs to restore Collector's powers Anantnag admin fails to shutdown unauthorized petrol pump All officers of Kathua district administration go missing! Awaiting Achay din, Sumb man walks 5 kms to fetch water

STOCK UPDATE

BSE Sensex NSE Nifty

CRICKET UPDATE