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Saturday, August 8, 2009

Strike ends, banks to resume work from today

The two-day strike by the bank employees ended on Friday with the Indian Bank Association (IBA) reportedly agreeing to the demand of the agitating bank employees for 17.5% hike in their salaries.
Convener of the United Forum of Bank Unions (UFBU) AK Srivastava said that since the IBA has agreed to the demand of the bank employees they would resume work from Saturday. He informed that the agreement was reached at a meeting held between the UFBU and IBA in New Delhi.
Bank officials said they would ensure that customers get the best of the services. But since banks function for half-day only on Saturday, customers may have some problems when banks resume work. Officials said they had no intention to hit the customers but then it was the decision of the IBA to roll back the earlier agreed hike of 17.5% which forced them to go on a two-day strike. But, the issue has now been resolved, they added.
Bank sources said that transactions to the tune of Rs 20,000 crore to Rs 25,000 crore were affected because of the strike in UP alone.
Meanwhile, the Reserve Bank Employees Association here too came out in open support of the bank employees strike. The RBI employees staged a demonstration at the RBI office in Gomtinagar to express their solidarity with the agitating bank employees. The association condemned the Central government's uncalled interference in wage negotiations of banking industry and demanded immediate wage settlement along with pension related issues.