Bank strike hits financial transaction in Manipur

IMPHAL, Jan 31 | Publish Date: 1/31/2020 12:36:53 PM IST

Normal banking service in Manipur was severely hit as two-day cease-work strike of the employees of public sector banks commenced on Friday.

State Bank of India (SBI) and other PSU banks had already notified their customers that services are likely to be affected due to the proposed two-day nationwide strike starting from Friday. They resorted to the two-day strike to press for various demands including wage revision. Financial transactions came to a halt in banks in Manipur owing to the employees’ cease-work strike. 

Due to strike, cheques worth several crore of rupees remained uncleared while transactions like cash withdrawal, cash and cheque deposits were affected. ATM booths in Imphal were open as usual but there were no cash in most booths. Striking bank employees staged protest at the gate of the premises of their respective branches and highlighted their demands. The strike called by the United Forum of Bank Unions (UFBU), an umbrella body of nine bank unions, including All India Bank Officers’ Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW). In Manipur, United Forum of Bank Unions, Manipur State Committee, had earlier announced full support to the two-day all India bank strike.                           (Correspondent)

The committee had also stated that it also backs the three days strike called by UFBU from March 11 and the indefinite strike from April 1 while informing that all public sector banks operating in the state will remain closed on these days.

Joining the strike, employees of SBI MG Avenue in Imphal staged a protest at the bank premises. Similar protests were also staged in other SBI branches in the state and some other PSU banks.

Taking part in the protest staged at SBI Mg Avenue, spokesperson of United Forum of Bank Unions, Manipur State Committee Ch Litabanta said that they were staging the protest in solidarity to the union’s demands.

He said that employees under the banner of UFBU have been demanding five day banking, improvement of family pension, wage revision settlement at 20% hike on pay slip component, updation of pension among others.

The key demand of the employees was 20% hike on pay slip component. As per the latest negotiation, the bank authority has offered 13.5% hike. 

However, the union has been refusing the same as it was not suited to the time considering the international price index and GDP growth and the union has been pressing for 15% hike, he said.

“We are negotiating to 15% hike. However, no positive response comes up from the authority so far,” he said.

The spokesperson said that the intention of the employees was not to harass customers by observing the strike but they have no option except to strike as the authority are stuck on the offer made by them (13.5% hike), he said.

“Our demands like wage hike have not been met for long,” he said, and added that if the authority was not ready to address their demands, they are ready to go on indefinite cease-work strike from April 1.


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