Banks gaze at union strike on Tuesday, services might be hit

New Delhi, Aug 20 Services at public sector banks may take a hit on Tuesday as all unions under the aegis of UFBU have debilitated to go on strike against the government's proposed solidification move other than raising a large group of other demands.

Most banks have already informed their clients that working of branches and workplaces will be affected if the strike takes off.

Operations at private moneylenders like ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank are required to be typical aside from delay delay in cheque clearances

The United Forum of Bank Unions (UFBU) is an umbrella body of nine unions, including All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organization of Bank Workers (NOBW).

"As the appeasement meeting before the Chief Labor Commissioner failed, unions are left with no other choice yet to go on strike. There was no confirmation from the administration and the administration of banks," AIBOC General Secretary D T Franco said.

All attempts to hammer out answers for the requests raised by the unions bore no foods grown from the ground, UFBU chose to continue with the proposed strike on August 22, he said.

Different requests incorporate no discount approach for non-performing resources (NPAs) of corporate credits, proclaiming wilful default of advances as criminal offense and usage of proposals of Parliamentary Committee on recovery of NPAs, AIBEA General Secretary C H Venkatchalam said.

He additionally proposed that banks ought not pass on the weight of corporate NPAs on bank clients by climbing charges.

Venkatchalam said the administration ought to nullify the Banks Board Bureau and guarantee stringent measures to recoup awful advances and responsibility of best executives.

UFBU, which claims membership of almost 10 lakh crosswise over banks, likewise asked for the administration for cost reimbursement of demonetisation to banks.

Upwards of 21 public sector banks control 75 per cent of the total business.