"All I can say is that I am really disheartened to know that the bank strike is taking place. In fact, I had conducted a conciliation meeting on 26 of this month which was attended by representatives of all India Bank Associations, Management and the Ministry of Finance", Nayak told PTI here.
Stating that the issues concerning the employees were discussed in detail during the meeting, he said, "the major issues they raised were regarding privatisation of banks and recovery of bad loans from public sector banks".
"But I am very sad to know that it has taken place today", he said.
United Forum of Bank Unions consisting of nine trade unions called the strike in which 10 lakh bank employees and officers participated.
Nayak was here to participate in a conference "Effective Enforcement of Labour Laws" held between employees, trade unions and government officials.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
