Impacts of two days Banks Strike on 20th & 21st Feb, 2013

While answering to a question regarding the strike on 20 and 21 Feb 2013 in the Parliament, Minister Namo Narain Meena said that ‘It is not possible to quantify the loss of business, however, the inconvenience caused to the public was minimized with the functioning of the ATMs and internet banking’…

“United Forum of Bank Unions (UFBUs) gave a notice of strike for two days on 20th & 21st February, 2013 on the following issues and demands:

(ii) Control alarming price rise;

(iii) Hands off trade union rights;

(iv) Stop Banking Reforms;

(v) Stop outsourcing;

(vi) Early wage revision; and

(vii) Settle pending issues like compassionate appointment scheme.

Wage revision in Public Sector Banks is through a bipartite settlement between the representatives of bank employees and management. On the notice for strike, a conciliation meeting of UFBU with Indian Banks Association (IBA) was held at the office of Chief Labour Commissioner, New Delhi wherein UFBU was appealed not to resort to strike and to sort the issues amicably and avert the strike. However, UFBU decided to go ahead with two days strike on 20th & 21st February, 2013.

It is not possible to quantify the loss of business, however, the inconvenience caused to the public was minimized with the functioning of the ATMs and internet banking”.