Thursday, December 17, 2009

Bank Merger:Strike cripples banks partially

Sachin Dravekar, 17 December 2009,
NAGPUR: Banking services were partially affected on Wednesday
following the strike called by Left-affiliated unions All
 India Bank Employees ofAssociation AIBEA and
All India Bank Officers Association (AIBOA).

The union has been protesting against the move to merge State
Bank of Indore with its parent organisation State Bank of India.

Though employees from clerical grade remained absent in large
 numbers, as the AIBEA has prominent presence in this cadre,
 routine transactions could be carried out partially with
the help of members of other unions. Institutions like Bank
of Baroda and Canara Bank, where AIBEA of AIBOA do not have
 a sizeable presence, were seen working. So were the ATMs
of both private and public sector banks including those
affected by the strike.

Interestingly, the Bank of Maharashtra (BoM) kept a window
 open to sell tickets for the December 18 one-day international
 to be played at Nagpur.

Cheque clearing, which is the first casualty during such an event,
was partially effected during the strike. Out of the 50,000 cheques
on an average daily, 33,196 cheques were presented in the
Reserve Bank of India's (RBI's), national clearing cell on Wednesday. T
he cheques valued at Rs 150 crore in all, as against those
valuing Rs 200 crore being presented on a normal day.

The MICR centre, which assorts the cheques below Rs 1 lakh,
 did not function at all. The centre run by Punjab National Bank (PNB),
 processes around 50,000 cheques in a day. A trip around the regional

offices of PSU banks showed a skeletal staff manning the workplaces.
"Around 80% of staff is affiliated to the AIBEA, so the work has
almost come to a standstill," said an official at the Bank of India.

Source:pti

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