Bank strike Day 2: Operations hit, Unions blame Indian Banks Association

Bank unions on Thusday blamed Indian Banks Association (IBA) for forcing them to go on a strike, affecting banking transactions for a second day. Transactions worth Rs 434 billion were affected, claim the bank unions.

The United Forum of Bank Unions (UFBU), an umbrella body of nine bank unions, called for a two-day strike that started on Wednesday.

“It is the IBA which has put the banking public to trouble and not the unions. The unions had given a strike notice 20 days before the actual strike. The IBA did not respond to that,” C H Venkatachalam, General Secretary, All