Strike of PSU bank' staff hits work partially

Banking operations were hit partially on Friday, as a section of public sector bank (PSB)'s employees went on a strike across the country to protest violation of bilateral settlement agreement by associate banks of State Bank of India (SBI) Commodity Market Astrology Tips

Clerical staff kept away, while officers came to work as usual. Transactions on the electronic platform weren't hampered but some services such as cash handling at branches and clearing of checks were affected at banks where the presence of All India Bank Employees' Association (AIBEA) was strong.

Private sector banks and the country's largest lender, SBI, continued to function normally. As precautionary measures, most of the banks, including United Bank of India, had issued an advisory to their customers, saying they will take all necessary steps for smooth functioning of branches or offices on the day of a strike Jackpot Stocks Trading Tips

The strike call was given on December 28 to protest violation of the bilateral settlement by five associate banks of SBI and their attempt to force unilateral service conditions on the employees, AIBEA General Secretary C H Venkatachalam had said.

Five subsidiaries of SBI are State Bank of Travancore, State Bank of Mysore, State Bank of Patiala, State Bank of Hyderabad and State Bank of Bikaner and Jaipur (SBBJ).

Mahesh Mishra, general secretary of AIBEA-affiliated Rajasthan Pradesh Bank Employees Union, said about 15,000 employees at 3,500 bank branches in the state went on strike. The bipartite agreement's conditions were changed without taking the employees union in confidence, and a career progression scheme was launched for associate bank employees without any agreement, Mishra said Share Market Astrology

While addressing a gathering of striking employees at Chaura Rasta in Jaipur. If the changes in service rules of associate banks are not withdrawn, AIBEA will hold an indefinite strike, and a special meeting has been called in Chennai on January 13, he added.

Unionists of SBBJ, Bank of India, Dena Bank, Allahabad Bank, AIBEA and Cooperative Bank addressed the gathering and strongly condemned SBI's move for "unwarranted changes" in the service rules of associate banks.