Following the strike call was given by the associations, banking services were hit in Tamil Nadu and neighbouring Puducherry
Two-day bank strike may hit transactions worth Rs 20,000 crore, says Assocham; urges bank unions to call off strike
Assocham also urged the government to come up with a stimulus plan for restoring the health of public sector banks.
Two-day bank strike: Nearly 60,000 employees protest in Maharashtra against 'meagre' 2% wage hike; ATMs go dry in Moradabad
Nearly 10 lakh employees are participating in the nationwide strike as part of "our democratic right by forgoing our salary", All India Bank Employees Association (AIBEA), general secretary C H Venkatachalam had said earlier in the day.
Bank services impacted as over a million employees go on 2-day strike; salary withdrawals to be affected
Banking activities in public sector banks across the country have been interrupted as employees go on two-day nation-wide strike against the meagre two percent salary hike offered by the management - Indian Banks Association.
State-owned banks on two-day nationwide strike from 30 May, confirms union; ATMs, salary could be hit, but no reason for panic
Apex bank union AIBEA boss C H Venkatachalam warns of likely cash crunch on Wednesday, Thursday #BankStrike #ATMs #CashCrunch #2DayBankStrike
Employees of public sector banks have threatened to go on two-day nation-wide strike from 30 May against "a meagre" 2 percent hike offered by the management body, Indian Banks' Association (IBA)
Wage revision talks between the United Forum of Bank Unions (UFBU) -- an umbrella body of bank unions -- and IBA representing various banks held in Mumbai on Saturday ended in a failure
The Indian Banks' Association had asked banks to take measures in advance to minimise the impact
Bank operations in Tamil Nadu were affected on Tuesday with around 55,000 bankers striking work pressing for their demands,
Most banks have already informed their customers that functioning of branches and offices will be impacted if the strike takes off
State-run banks continue to be the finest specimens of white elephants in the Indian banking sector. They wait for their turn with a begging bowl every year in front of North Block for survival money
Most of the banks, including SBI, PNB and BoB, have already informed their customers that functioning of branches and offices will be impacted if the strike takes off
The conciliation meeting before the chief labour commissioner on 21 February failed to break the logjam as the bank management represented by the Indian Banks Association did not agree to demands and put conditions.
Around 80,000 bank branches participated in the strike and pulled down shutters, he said, adding that the ones who were open did not transact any operations
State-run banks cannot afford to hold on to their archaic methods of functioning and wage settlement if they want to retain their market share
The bank unions had threatened to go on 4-day nation-wide strike from 25 February demanding 19 percent hike in wages. The wage hike was due from November 2012.
Managements in state-run banks are not in a position to fork out any more money for a substantial increase in the compensation levels of employees since these banks are severely constrained with capital.
PSU bank employees' unions have deferred the proposed four-day strike from January 21 after the management of banks (IBA) assured that wage related issues will be resolved by early February.
Unless the governments steps into the picture and take meaningful steps to address the concerns of employees in state-run banks, the present scenario will continue
So far, there has not been any meaningful intervention from the government in resolving the wage issues in the public sector banks