Скачать или смотреть Nearly 10 Lakh Bank Employees Begin Two-Day Nationwide Strike Against 2% Salary Hike

Banking services were disrupted for the second day today with over 10 lakh bank employees abstaining from work to protest a "meagre" 2 percent salary hike proposed by the Indian Banks Association (IBA), a body representing management. Apart from disruption in operations related to deposits, FD renewals, government treasury and money market operations, there were reports of ATMs running dry in parts of the country. Banking operations are likely to become normal from tomorrow after the 2-day strike which was called by the unions. The United Forum of Banking Unions (UFBU), which had called the strike, claimed that nearly 80 lakh cheques in various public sector banks, old generation private sector banks, foreign and regional rural banks remain uncleared.