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Updated: 25/09/2008 | 01:59 PM IST
Strike hits bank operations for second day
Press Trust of India
Thursday, September 25, 2008 (Mumbai)
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Daily banking activities barring small-scale cash withdrawals were disrupted for the second day today following the two-day strike called by employee unions.

Clearing activities and cash transactions were paralysed in all public sector banks including the largest, State Bank and its associates, bank sources said.

"Majority of our employees including those with associate banks stayed away from duties. Clearing activities and transactions, except cash withdrawals, were affected. However, all of our ATMs were functioning normally," an SBI official said.

United Forum of Bank Unions (UFBU), the umbrella organisation of banks unions, went on strike yesterday after a conciliatory meeting with Indian Banks' Association (IBA) failed in Delhi on Tuesday.

Bank employees are striking work in support of their demands - primarily the termination of merger moves amongst state-owned banks in the country and one more option for pension for bank employees.

Other demands include early wage revision, compassionate appointments, immediate appointments in class-IV cadre and termination of job outsourcing in the banking industry.

"Strike is total. No bank branches did function on the second day also," All India Bank Officers Confederation's General Secretary, G D Nadaf said.

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