Bhopal: The functioning of banks was severely affected by the strike of employees of most of the public and private sector banks in the city on Tuesday.
Functioning of private sector banks also affected: In fact, bank employees have joined the nationwide strike on the call of All India Bank Employees Association and Bank Employees Federation to protest against the merger of banks. The officials of these organizations claim that the strike has also affected the functioning of private sector banks.
On Monday, on the eve of the strike, disgruntled bank employees took to the streets and demonstrated. Earlier, the bank employees demonstrated in front of the Regional Office of Oriental Bank of Commerce at MP Nagar Zone 1 Press Complex on Monday evening. The protesters raised slogans against the central government to protest the merger of the banks.
Government should stop merger of banks: The speakers said that the government should stop merger of the banks. The entire merger exercise is just an excuse to hide bad debts under the guise of a large balance sheet. This is a matter of concern for all of us.
They also said that banking reforms that are not in the interest of the public should be stopped, take strict action against those who do not repay the loan by fixing the recovery of bad debts. Stop harassing subscribers by imposing punitive fees.
The central government is merging these 10 nationalized banks – PNB, Canara Bank, Union Bank of India, Indian Bank, OBC, United Bank of India, Syndicate Bank, Corporation Bank, Andhra Bank and Allahabad Bank to form four banks by mutual merger. After the merger, the remaining 6 banks will cease to exist except for the initial four banks.