Effect of Bank Strike on 28th February 2017

Last updated by Jai on February 28, 2017

Public Sector Bank Employees were on strike today, which was called by United Forum of Bank Unions (UFBU). C H Venkatachalam, General Secretary, All India Bank Employees’ Association said that around 85,000 branches of commercial banks, 105,000 branches of co-operative bank and others are on strike.

What was the effect of banlers’ strike (besides your one day salary deduction  🙁 )? Was the strike called by Bank Employees Unions successful?


Here is how various newspapers covered the effects of bank strike today:

Operations hit across India, clearance of 40 lakh cheques totalling Rs 22,000 crore affected – India Today

Banking operations were hit on Tuesday by the day-long, nation-wide strike called by employees of public sector banks –  businesstoday.in

“People could not go to banks to transact anything, deposit money, withdraw money or do any other transaction. Government treasury transactions could not be done, import and export transactions were hit, money market operations were not possible,” AIBEA General Secretary C H Venkatachalam told PTI.


Bank strike: Why there’ll be no real winners in trade unions’ fight against banking reforms : First Post

Strike hits banking services in Punjab, Haryana, Chandigarh: Economic Times

Your comments. Do you think, it was successful?

1 Comment

R.K.GUPTA · March 1, 2017 at 9:51 am

In the global scenario where the human beings are being replaced with electronic system, the strikes are becoming less important. Internet transactions are being carried out bu the public. Yes the public at large which deals in cash is also not a discomfort for a day strike. The unpaid clearing will be cleared a next day as in case of two days holiday. Transactions can be scheduled for next days as well in case of strike. ATMs are available for small cash withdrawals. There was no hue and cry. The demands made by the unions are as old as last bipartite settlement. New chapter of demand has not yet been placed with the IBA. Most of the banks has given undertaking to IBA to deal with pay scale only up to scale III separately and Scale IV and above will be dealt with separately. Unions are finding it difficult to show their presence and relevance. Commitment of employees is also coming down towards unionism. Unions will have to find out more ways and means to fight for the rights of the employees so as to protect them or else leave their position to new generation.

Comments are closed.