HYDERABAD NEWS: Responding to an all India strike call given by the United Forum of Bank Unions (UFBU), most of the banks in the city remained shut on Friday. A drive down the bank street near Koti, which is usually buzzing with activity, especially on Fridays, wore a deserted look, not to mention the inconvenience caused to general public.
With shutters down, it was the huge banners of the unions that caught the attention of passersby. Nazia, a college student, was among the many who reached banks and had to return disappointed. Standing outside the gate of Andhra Bank, she rued, “The watchman just told me the bank will not open today. I didn’t know. I need to send money. With the weekend here, I think I have to wait till Monday.” The scene was same across the city with customers returning from banks disappointed.
Meanwhile, over a 100 bank employees gathered outside the State Bank of Hyderabad premises in Gunfoundry on Friday in support of the strike call given by the United Forum of Bank Unions (UFBU).
MVV Murali, national convenor, UFBU, said, ‘’National banks have paid a crucial role in the economic development of the country, especially in rural areas and in alleviating poverty. Weakening nationalised banks is going to affect not just the banking sector, but also the country,” he said.
The bank employees were also demanding that the government takes proper, stringent steps for the recovery of Non Performing Assets (NPAs).
“When parties fail to repay money, it turns into NPAs. The government is projecting it to be the fault of industries. But most of them are willful ones, like Vijay Mallya. The government is putting a lot of pressure on the nationalised banks to reduce the NPAs. Since banks don’t have enough capital, they are forced to write them off. This is being used as a reason to privatise all the public sector banks,” Murali said. The strike was also against amendments of labour laws. “The government has started giving lot more freedom to corporates and capitalists. As a result, a lot of industries were forced to shut down, without paying due compensation to the employees. They are also discouraging employees from forming trade unions. This will again affect not just the banks, but the entire trade union sector in the country,” Murali pointed out.
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With shutters down, it was the huge banners of the unions that caught the attention of passersby. Nazia, a college student, was among the many who reached banks and had to return disappointed. Standing outside the gate of Andhra Bank, she rued, “The watchman just told me the bank will not open today. I didn’t know. I need to send money. With the weekend here, I think I have to wait till Monday.” The scene was same across the city with customers returning from banks disappointed.
Meanwhile, over a 100 bank employees gathered outside the State Bank of Hyderabad premises in Gunfoundry on Friday in support of the strike call given by the United Forum of Bank Unions (UFBU).
MVV Murali, national convenor, UFBU, said, ‘’National banks have paid a crucial role in the economic development of the country, especially in rural areas and in alleviating poverty. Weakening nationalised banks is going to affect not just the banking sector, but also the country,” he said.
The bank employees were also demanding that the government takes proper, stringent steps for the recovery of Non Performing Assets (NPAs).
“When parties fail to repay money, it turns into NPAs. The government is projecting it to be the fault of industries. But most of them are willful ones, like Vijay Mallya. The government is putting a lot of pressure on the nationalised banks to reduce the NPAs. Since banks don’t have enough capital, they are forced to write them off. This is being used as a reason to privatise all the public sector banks,” Murali said. The strike was also against amendments of labour laws. “The government has started giving lot more freedom to corporates and capitalists. As a result, a lot of industries were forced to shut down, without paying due compensation to the employees. They are also discouraging employees from forming trade unions. This will again affect not just the banks, but the entire trade union sector in the country,” Murali pointed out.
Source:Click Here
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