New Delhi: Normal banking operations were hit for the second day as public sector bank employees continued their strike.

The two-day nationwide strike call, demanding early wage revision among other issues, was given by United Forum of Bank Unions (UFBU) that comprises nine national unions. It was, however, business as usual at private sector banks like ICICI Bank and HDFC Bank.

Employees of public sector insurance companies, including LIC and New India Assurance, also participated in the strike.

Strike highlights
  • Public sector insurance companies join strike
  • ATMs went dry at commercial hubs
  • Cheque clearing operations disrupted across the country
  • Around 10 lakh bank employees participating in strike

On Wednesday, cheque clearing operations, electronic fund transfers, forex transactions and money market operations were disrupted across the country due to the strike and the situation remained more or less similar as per the latest reports.
Apprehending disruption in normal operations, many public sector banks had already informed customers about the strike.
Sources said banks have taken steps to ensure that public do not face problems at least on the cash front during the strike period. Banks have replenished ATMs to meet the requirements in these two days, they added. Despite these measures, some ATMs went dry at commercial hubs.
Bank unions are pressing for early wage revision of employees, which they said is due from November, 2012. They are also opposing banking sector reforms and any plan for merger of banks.
There are 26 public sector banks with employee strength of around 10 lakh in the country.

Hero, Maruti employees join strike

Production at leading automobile companies in the Gurgaon-Manesar belt, including Maruti Suzuki, Hero MotoCorp and Suzuki Motorcycle India was hit on Thursday as workers stayed away from work in support of the two-day strike called by central trade unions that began on Wednesday.


Latest News from India News Desk