Banks employees to strike on Feb28

Hyderabad, February 14: Nearly 10 lakh bank employees will go on strike on 28th February in Mumbai. United Forum of Bank Union in a press conference yesterday at press club had announced bank strike, demanded criminal action against wilful defaulters and reimbursement of the cost of demonetization to the banks.

All the banks have to participate in the strike but only nine bank union have agreed to go on strike. A strike called on for the five-day working week is another long pending demand of bank employees and officers.

All India Bank Employees Association General Secretary C H Venkatachalam said, "The government should reimburse the cost of demonetization to banks. This cost and the business loss during the period of nearly two months will have a cascading effect on the balance sheets of the banks, and the brunt will be borne by the bank employees and officers alone".

"He demanded criminal action against wilful defaulters of bank loans as, according to him, only that can reduce such irregularities in the banking industry", Venkatachalam added.