State

Banking Ops Paralysed in Odisha due to Strike

Bhubaneswar, Nov 12: The banking operations were affected across the state today after bank employees went on a nationwide strike called by the United Forum of Banking Unions (UFBU), demanding the revision of their pay scale.

Around a million bank employees of 75,000 bank branches of 27 public sector banks and and 25,000 branches of 18 private and eight foreign banks across India joined the strike, affecting banking services like cheque clearance and cash deposits and withdrawal.

However, few branches of private sector banks like ICICI and HDFC remained open in the first hour. Even most of the ATMs of all banks were functioning normally, as per initial reports.

This is the first strike since the NDA government came to power in May this year. Earlier, the banking industry had gone on a crippling two-day nationwide strike on Feb 10-11.

The wage revision of public sector bank employees has been due since November 2012. The employees are demanding immediate fair revision in pay scales and opposing the proposed reforms in the banking sector.

The UFBU is an umbrella organisation of nine bank employees and officer unions. This includes AIBEA, National Confederation of Bank Employees, Bank Employees Federation of India, Indian National Bank Employees Federation, Indian National Bank Officers Congress, National Organisation of Bank Workers, All India Bank Officers Association, and National Organisation of Bank Officers.

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