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Business as usual at SBI branches

THE JUBILANT staff of State Bank of India today resumed duty at every branch of the City an hour before schedule to compensate for the losses caused during the recent strike.

india Updated: Apr 11, 2006 14:15 IST

THE JUBILANT staff of State Bank of India today resumed duty at every branch of the City an hour before schedule to compensate for the losses caused during the recent strike.

Till Sunday evening, 17 ATMs of the Bank were dysfunctional causing loss of about Rs 30 crore daily and putting the customers to great inconvenience. The ATMs would become operational in urban areas by mid-day and in rural areas later in the afternoon tomorrow.

Talking to Hindustan Times, State Bank of India Workmen Union assistant secretary Madhu Raj said that the damage caused to the business in the City would be compensated in about five days by working overtime.

He said that staff reached respective branches at 9.30 am today instead of the normal time of 10.30 am. Owing to the strike SBI business to the tune of Rs 210 crore had been adversely affected in the City, he said. ATMs were also non-functional because there was no cash in them.

Raj said that bank staff would start work before time and continue to work beyond normal official hours in the evening as files have piled up. Their demand of revision of pension had been pending since 1992.

Now the Finance Minister had accepted the demand of giving 50 per cent of the last drawn salary as pension, he said. However, officers whose last drawn

salary was more than Rs 21,040 would get only 40 per cent of this amount as pension. Raj claimed this was a big achievement, as earlier maximum drawn pension was only Rs 4,250 and now this has increased manifold. Hence, the staff is jubilant and ready to work overtime.

First Published: Apr 11, 2006 14:15 IST