google-site-verification=oa7ebK-QKiSPCvxPx2UBppJir9nAxs1BKixIBTtNDbY
Saturday , February 27 2021
Home / National / BANKS TRANSACTIONS PARALYZED

BANKS TRANSACTIONS PARALYZED

Hyderabad : Banking activities were severely affected on Tuesday in Telangana andAndhra Pradesh States as over one lakh employees and officers in over 11,000 bank branches participated in a day-long strike to protest against the government’s proposed “consolidation” move.

The strike call was given by all unions under the aegis of the United Forum of Bank Unions (UFBU). The UFBU decided to organize a ‘March to Parliament’ by one lakh employees and officers on September 15, if the government failed to come out with an action plan with regard to the mounting NPAs, AIBEA secretary B S Rambabu said. Some 5,000 branches in Telangana and over 6,000 in Andhra Pradesh downed their shutters as part of the day-long strike paralyzing the banking transactions severely. Staff of all government banks participated in the strike.

Besides the protest against consolidation move of the government, the other demands of bank employees include no write-off policy for non-performing assets (NPAs) of corporate loans, declaring willfull default of loans as criminal offence and implementation of recommendations of the parliamentary committee on recovery of NPAs. The employees of SBI staged protests in front of the main bank in Koti in support of their demands raising slogans against the Union government’s decision. They also demanded that the government withdraw additional charges on customers for each bank transactions.

Check Also

Jabir Motiwala granted appeal right against extradition to US

26-02-2021 By SJA Jafri + Bureau Report LONDON/ KARACHI: Karachi’s businessman Jabir Siddiq Motiwala has …

Leave a Reply

Your email address will not be published. Required fields are marked *