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Bank strike hits operations across India

Published on 30 Jul. 2016 12:24 AM IST
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Banking operations across the country were hit on Friday as around 10 lakh employees in around 40 private and nationalised banks struck work for a day to protest against the central government’s policies for the sector, reports IANS.
In Nagaland also, banking services were hit as employees of banks joined the all India bank strike called by the United Forum of Bank Unions (UFBU) on Friday. UFBU Nagaland general secretary A. Lolly Moses confirmed to Nagaland Post that in the state capital all the banks were shut down as part of the strike.
Nagaland State Cooperative Bank Employees’ Union (NSCBEU) assistant general secretary Joshua Swu told Nagaland Post that almost all the banks including Bank of Baroda, IDBI Bank, SBI, Punjab National Bank were closed in the state affecting normal operations.
Unions in the banking sector had given the strike call to protest the mergers in the sector, infusion of private capital in government banks, for recovery of bad loans, bringing to book wilful loan defaulters and others.
UFBU is an umbrella body of nine unions in the banking sector viz., AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW and NOBO.

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