Normal banking operations in the country were hit for the second consecutive day today as employees of public sector bank continued their strike. The two-day nationwide strike call was given by United Forum of Bank Unions (UFBU) that comprises nine national unions.
Yesterday, cheque clearing operations, electronic fund transfers, forex transactions and money market operations were disrupted across the country due to the strike and the situation remained more or less similar as per the latest reports.
Bank unions are pressing for early wage revision of employees, which they said is due from November, 2012. They are also opposing banking sector reforms and any plan for merger of banks.
There are 26 public sector banks with employee strength of around 10 lakh in the country.