Banking operations paralysed in West Bengal

Image
Press Trust of India Kolkata
Last Updated : Feb 28 2017 | 4:57 PM IST
Normal banking operations across the state were disrupted by the all-India strike called by seven trade unions to press for various demands pertaining to the industry.
Branches of all public sector, foreign and private banks, including their ATMs, remained closed during the day.
Offices of the Reserve Bank of India (RBI) remained open but clearing of cheques did not take place as banks were closed.
The general secretary of the umbrella body of the banking trade unions United Forum of Bank Unions (UFBU), West Bengal unit, Gautam Banerjee, claimed that the strike was totally successful.
He said that the government had been trying to bring in some changes in the banking laws aimed at paving the way for privatisation of the public sector banks.
The banking employees were also denied the increase in gratuity ceiling limit from Rs 10 lakh to Rs 20 lakh, he said, adding that government was silent on the implementation of the 11th bipartite settlement.
Around two lakh banking employees participated in the strike, he said.
The banking sector was also not taking any step for recovery of NPAs, he said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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

First Published: Feb 28 2017 | 4:57 PM IST

Next Story