20,000 Crore rupees check stashed by bank strike

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Mumbai- The strike called by bank unions has stuck in check clearing more than Rs 20 thousand crore across the country. While there is an impact on cash transactions, fund transfers and foreign exchange exchanges.
However, this strike has not taken place on State Bank of India and private banks. Members of the All India Bank Employee Organization and Bank employees Federation of India are participating in this strike supported by the Left parties. On the other hand, seven organizations associated with the staff are not participating in it. AIBEA general secretary C.V.Vuktachalam said that checks worth Rs 20,000 crore were stuck due to the strike on Tuesday.
According to the Seventh Pay Commission, the bank employee is protesting against the demands including salary hike. The 10 central organizations of bank employees have called for the strike, including 12 demands including anti-employee policies of the central government. These organizations include INTUC, AITUC, HMS, CITU, AICTCUC, UTUC, LPF, SEWA.
Earlier on December 26, these organizations had also made a nation-wide strike on other demands, including wage hikes. About 10 lakh bank employees were involved in this strike. Ashwani Rana, vice-president, National Organization of Bank Workers has said that this is a political strike and there is nothing to do with issues related to bank employees. So, seven unions will not participate in it.