Banks functioning normal after two-day nation-wide strike

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Banks across the country are functioning normal today, after two-day nation-wide bank strike. Bank unions claim that nearly 80 lakh cheques in various public sector, old generation private sector, foreign and regional rural banks remain uncleared.

Around 10 lakh employees of 21 public sector banks, 13 old generation private sector banks 6 foreign banks and 56 regional rural banks were on a two-day strike, on Wednesday and Thursday, to protest a minimal pay hike. Indian Banks Association, in its recent wage revision meeting held on May 5, offered a nominal salary revision of two per cent to bank employees and officers. The wage revision was due since November, 2017.

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