Wednesday, November 30, 2022

Banking services may be partially affected due to nationwide strike on March 28-29

Banking services may be partially affected on Monday and Tuesday as a section of bank employees’ unions supported the two-day nationwide general strike called by trade unions.

The joint forum of central trade unions and various regional independent trade unions has called for a strike on Monday and Tuesday to protest the government’s anti-people economic policies and anti-labour labor policies.

Their demands include scrapping the labor code, no privatization in any form, scrapping the National Monetization Pipeline (NMP), increasing the allocation of wages under MGNREGA and regularizing contract workers among others.

All India Bank Employees Association (AIBEA) said, “AIBEA has decided to join this strike to support this call and focus on the demands in the banking sector.”

Its general secretary CH Venkatachalam said that the banks would ask the union government to prevent and strengthen the privatization of public sector banks, speedy recovery of bad loans, higher deposit rates by banks, lower service charges on customers as well as restoration of the old pension scheme. demands.

The AIBEA of public sector banks, private banks, foreign banks, co-operative banks and regional rural banks will join the strike, the bank union said in a statement.

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Several public sector banks, including the country’s largest bank SBI, have said that their services may be affected to a limited extent due to the strike.

SBI said it has made necessary arrangements to ensure normal functioning of its branches and offices during the strike days.

SBI said, “There is a possibility that the work of our bank may be affected to some extent due to the strike.

City-headquartered Punjab National Bank (PNB) said AIBEA, Bank Employees Federation of India (BEFI) and All India Bank Officers Association (AIBOA) have given notices to go on strike from March 28-29, 2022.

“The bank has made all arrangements to ensure normal functioning of its branches and offices, but there is a possibility that the work in our bank may be affected to a limited extent due to the strike,” PNB said.

Bengaluru-headquartered Canara Bank said it is taking necessary steps for smooth functioning of bank branches and offices. However, if there is a strike, the functioning of the bank may get affected, Canara Bank said.

Private sector RBL Bank said that its bank unions are affiliated to AIBOA and AIBEA and employees associated with these unions can take part in the strike.

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“Subject strike is for issues at industry level and nowhere related to bank level issues. The bank will take all necessary steps for smooth functioning of the branches/offices of the bank during the days of strike. However, it is likely that some of our Branches will also be affected by the strike,” RBL said.

Apart from the two-day strike, customer banking services may also be affected on March 31 as the RBI has asked banks to participate in the exercise of annual closure of government accounts for the current financial year 2021-22.

All government transactions done by agency banks for the financial year 2021-22 should be accounted for within the same financial year.

RBI said in a notification to banks, all agency banks should keep their designated branches open for over the counter transactions relating to government transactions till normal working hours on March 31, 2022.

Special clearing will be done on Thursday for collection of government checks and RBI will issue necessary instructions in this regard.

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