Banking services maybe hit on Tuesday as banks stare at union strike, National : Today Indya

Latest News

Home
Banking services maybe hit on Tuesday as banks stare at union strike

Banking services maybe hit on Tuesday as banks stare at union strike

Monday, August 21, 2017 IST

Banking services maybe hit on Tuesday as banks stare at union strike

New Delhi: Banking services might be hit on Tuesday as worker unions under the aegis of UFBU have undermined to go on strike against the government's proposed consolidation reforms.

Most banks have officially educated their clients that working of branches and workplaces will be affected if the strike takes off.

Operations at private loan specialists like ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank are required to be typical aside from delay under tight restraints clearances.

The United Forum of Bank Unions (UFBU) is an umbrella assemblage of nine unions, including All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organization of Bank Workers (NOBW).

"As the mollification meeting before the Chief Labor Commissioner fizzled, unions are left with no other alternative yet to go on strike. There was no affirmation from the administration and the administration of banks," AIBOC General Secretary D T Franco said.

All endeavors to pound out answers for the requests raised by the unions bore no foods grown from the ground, UFBU chose to continue with the proposed strike on August 22, he said.

Different requests incorporate no discount arrangement for non-performing resources (NPAs) of corporate credits, proclaiming wilful default of advances as criminal offense and usage of proposals of Parliamentary Committee on recuperation of NPAs, AIBEA General Secretary C H Venkatchalam said.

With PTI Inputs