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Strike hits bank operations

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GUWAHATI, Aug 22 - Banking operations were severely hit today in Assam and other states of the northeastern region as employees and officers of nationalized banks participated in a day-long country-wide strike to protest the government�s proposed �consolidation� move and other decisions.

The strike call was given by all unions under the aegis of the United Forum of Bank Unions (UFBU) opposing the �anti-people� banking reforms, writing off of corporate NPA and increase in different service charges.

Besides clearing and processing of cheques, ATM operations were also hit in the State as they were not replenished during the day.

Demonstrations were held at the regional and zonal offices of the banks. The protesters also staged picketing to prevent high officers from joining work.

�The strike was 100 per cent successful in Assam and other parts of the Northeast. Officers of all nationalized banks along with regional rural banks, IDBI, Federal Bank, South Indian Bank joined the strike,� a bank official said.

�We have been observing that the burden of the corporate NPA is put on the shoulders of the common people in the form of hike in fees, charges and penalties for all types of banking services. UFBU also demands immediate implementation of the parliamentary committee recommendation on recovery of NPA and adequate recruitment in banks,� the striking staff said.

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Strike hits bank operations

GUWAHATI, Aug 22 - Banking operations were severely hit today in Assam and other states of the northeastern region as employees and officers of nationalized banks participated in a day-long country-wide strike to protest the government�s proposed �consolidation� move and other decisions.

The strike call was given by all unions under the aegis of the United Forum of Bank Unions (UFBU) opposing the �anti-people� banking reforms, writing off of corporate NPA and increase in different service charges.

Besides clearing and processing of cheques, ATM operations were also hit in the State as they were not replenished during the day.

Demonstrations were held at the regional and zonal offices of the banks. The protesters also staged picketing to prevent high officers from joining work.

�The strike was 100 per cent successful in Assam and other parts of the Northeast. Officers of all nationalized banks along with regional rural banks, IDBI, Federal Bank, South Indian Bank joined the strike,� a bank official said.

�We have been observing that the burden of the corporate NPA is put on the shoulders of the common people in the form of hike in fees, charges and penalties for all types of banking services. UFBU also demands immediate implementation of the parliamentary committee recommendation on recovery of NPA and adequate recruitment in banks,� the striking staff said.

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