Bank employees go on nationwide strike

September 24th, 2008 - 1:58 pm ICT by IANS  

Kolkata/New Delhi, Sep 24 (IANS) Over 800,000 employees of 50,000 bank branches across India went on a two-day strike beginning Wednesday to press for their six-point charter of demands, including stopping of privatisation and merger and acquisition of public sector banks. “Banking operations have come to a standstill. Once the strike is over, we will sit together and chalk out our future course of action,” said Rajen Nagar, national president of All India Bank Employees Association (AIBEA), which is participating in the strike called by the umbrella body United Form of Bank Unions (UFBU).

Nagar told IANS that apart from all the public sector banks, banks in the private sector, cooperative banks and regional rural banks have also joined the strike.

The striking employees are also demanding rejection of the reports of the Raghuram Rajan committee on financial sector reforms and the Anwarul Hoda committee.

The agitators are also opposing amendment of Section 12 (2) of the Banking Regulation Act, 1949, which will give equal voting rights to shareholders.

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