United Forum of Bank Unions has called for a 2-day strike which commenced on Wednesday. All bank employees and officers began their strike demanding a respectable enforcement of 11^th pay settlement at the earliest.

No bankers worked on Wednesday. They were demanding revision in salary as soon as possible. With banks closed, it became difficult for consumers to proceed with NEFT and RTGS transactions. Even cheques were not sent for clearing which affected business worth 1000 crore rupees. People could be seen queuing outside certain ATM’s as the machines did not have cash. Reportedly, by Wednesday evening most of the ATMs went completely dry. This has increased the chances of cash shortage.

Bankers collected at Delhi Gate bank tiraha by 10 a.m. on Wednesday and did a show-down against Indian Bank’s Association and government. Reportedly the protest is against the 2 percent of hike in salary which is a negligible amount. Senior members of United Forum of Bank Unions in Udaipur said that this negligible hike in salary is like a blow on the working efforts of bankers. They said that bankers have left no stone unturned to make a lot of governmental projects fruitful. But they haven’t been rewarded well for their efforts.

They even remarked that the reason given behind this indecent salary packet is that banks are in a loss. Basically all banks are witnessing operating profit and losses are mainly due to interest rates and NPAs. Bankers should not be held responsible for this loss. Polices made by central government are the main reasons behind these losses.

All bankers even warned that if their salary demands are not fulfilled, they will go on indefinite strike.