Bank strike continues for second day, services hit at many places

Banking services across Tamil Nadu remained hit for the second day on Friday with employees union staging a protest against the proposed privatisation of nationalised banks by the government

Strike
Representational image
Press Trust of India Chennai
2 min read Last Updated : Dec 17 2021 | 7:21 PM IST

Banking services across Tamil Nadu remained hit for the second day on Friday with employees union staging a protest against the proposed privatisation of nationalised banks by the government.

Several bank branches were shut following the two-day strike call given by the unions - All India Bank Employees Association (AIBEA), United Forum of Bank Union, All India Bank Officers' Confederation and National Organisation of Bank Workers - on December 16 and 17.

AIBEA general secretary C H Venkatachalam termed the strike a total success on day two and said the bank employees were conscious that privatisation of the banks would not be in the interest of the country.

Banking transactions have been affected while cash transactions could not be carried out leading to disruption in ATM services, he said.

In Tamil Nadu, the DMK extended its support to the strike saying that the BJP-led government at the Centre was keen to pass the Bank Privatisation Bill (Banking Laws Amendment Bill, 2021) in the current winter session of the Parliament.

The union representatives had apprised DMK president and Chief Minister M K Stalin on the reasons behind the agitation.

Venkatchalam said employees of the old-generation private banks, and workmen employees of foreign banks, as well as employees of Regional Rural Banks participated in the strike.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Bank strikeBankingBanks privatisation

First Published: Dec 17 2021 | 4:28 PM IST

Next Story