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Operations to be effected as banks call for two day strike

The two-day nationwide strike called by employees and officers of various state-run banks from May 30 (Wednesday) to May 31 (Thursday) is likely to hit banking operations.

The strike may hit ATM services badly as monthly salary credits are expected on Thursday. Though online transaction will not be impacted, ATM closures could affect cash withdrawals.

The Bank Union have called for a strike to protest a nominal 2 percent wage hike offered by the Indian Banks’ Association (IBA). In the wage negotiation meeting held on May 5, 2018, IBA made a propositions to offer 2 percent hike in the wage bill cost as on March 31, 2017.It also maintained that the negotiations on officers demands would be restricted up to scale III officers only.

As per further reports, ATM guards are also expected to participate in the strike. Hence, even if banks replenish ATMs with third party, the security of the ATMs can not be ascertained, impacting the cash withdrawals.

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