Photos: Employees of government banks strike against mergers

UPDATED ON OCT 23, 2019 03:02 PM IST
Members from United Forum of Bank Unions stage a protest during a nationwide strike called against the merger of nationalised banks, at Jantar Mantar in New Delhi. Nearly 3,00,000 employees of state-run banks went on strike on Tuesday against government plans to consolidate the sector through mergers as part of efforts to ensure stronger balance sheets. (Ravi Choudhary / PTI)
Bank employees stage a protest by holding placards inside the premises of a bank in Chennai, Tamil Nadu. The government has vowed to cut the total number of state-owned banks to 12, from 27 in 2017, raising fears of job losses. Under the current round of squeezing, 10 banks will be amalgamated into four. The sector suffered from out-of-control lending in 2006-11 when the economy grew rapidly, and has continued to struggle. (PTI)
Entrance to a bank is seen covered with banners as employees of two bank unions sat on the day-long strike, in Mumbai, Maharashtra. Owing to the strike, services such as cash deposits and withdrawals, cheque clearances, ATM operations were affected, according to bank employees. (Shashank Parade / PTI)
Bank employees shout slogans during the strike in Prayagraj, Uttar Pradesh. The state-owned banks account for nearly two-thirds of banking assets in the country and also have a lion’s share in the nearly $150 billion of soured loans in the banking sector. (PTI)
Bank employees during the strike at Jantar Mantar in New Delhi. The one-day strike was called by All India Banks Employees Association (AIBEA) and Bank Employees Federation of India (BEFI). The union said the government is merging banks to serve the interests of big businesses who have looted these banks in the form of non-payment of loans. (Ravi Choudhary / PTI)
Employees raise slogans during the strike in Bhopal, Madhya Pradesh. CH Venkatachalam, general secretary of the AIBEA, said the plan was to expand the protest movement to other bank employees as well, taking it up to nearly a million workers to force the government to reconsider its decision. (PTI)
Employees raise slogans during a protest in Surat, Gujarat. “Already the government has effected the merger of associate banks with SBI and Dena Bank and Vijaya Bank with Bank of Baroda, and in this process around three thousand bank branches have been closed. If this (of 10 banks) merger takes place may be another two thousand bank branches will be closed,” AIBEA said. (ANI)
Employees hold placards during the strike in Patna, Bihar. A senior banker, however, said the protests would not derail the merger plans. “We have seen that the unions had taken similar steps even in the last round of merger which included the State Bank of India and then in the case of Bank of Baroda but it quietly died down later,” said the CEO of a public sector bank, requesting anonymity. (PTI)

Members from United Forum of Bank Unions stage a protest during a nationwide strike called against the merger of nationalised banks, at Jantar Mantar in New Delhi. Nearly 3,00,000 employees of state-run banks went on strike on Tuesday against government plans to consolidate the sector through mergers as part of efforts to ensure stronger balance sheets. (Ravi Choudhary / PTI)

Bank employees stage a protest by holding placards inside the premises of a bank in Chennai, Tamil Nadu. The government has vowed to cut the total number of state-owned banks to 12, from 27 in 2017, raising fears of job losses. Under the current round of squeezing, 10 banks will be amalgamated into four. The sector suffered from out-of-control lending in 2006-11 when the economy grew rapidly, and has continued to struggle. (PTI)

Entrance to a bank is seen covered with banners as employees of two bank unions sat on the day-long strike, in Mumbai, Maharashtra. Owing to the strike, services such as cash deposits and withdrawals, cheque clearances, ATM operations were affected, according to bank employees. (Shashank Parade / PTI)

Bank employees shout slogans during the strike in Prayagraj, Uttar Pradesh. The state-owned banks account for nearly two-thirds of banking assets in the country and also have a lion’s share in the nearly $150 billion of soured loans in the banking sector. (PTI)

Bank employees during the strike at Jantar Mantar in New Delhi. The one-day strike was called by All India Banks Employees Association (AIBEA) and Bank Employees Federation of India (BEFI). The union said the government is merging banks to serve the interests of big businesses who have looted these banks in the form of non-payment of loans. (Ravi Choudhary / PTI)

Employees raise slogans during the strike in Bhopal, Madhya Pradesh. CH Venkatachalam, general secretary of the AIBEA, said the plan was to expand the protest movement to other bank employees as well, taking it up to nearly a million workers to force the government to reconsider its decision. (PTI)

Employees raise slogans during a protest in Surat, Gujarat. “Already the government has effected the merger of associate banks with SBI and Dena Bank and Vijaya Bank with Bank of Baroda, and in this process around three thousand bank branches have been closed. If this (of 10 banks) merger takes place may be another two thousand bank branches will be closed,” AIBEA said. (ANI)

Employees hold placards during the strike in Patna, Bihar. A senior banker, however, said the protests would not derail the merger plans. “We have seen that the unions had taken similar steps even in the last round of merger which included the State Bank of India and then in the case of Bank of Baroda but it quietly died down later,” said the CEO of a public sector bank, requesting anonymity. (PTI)

About The Gallery

Banking services remained affected on Tuesday as employees of state-run banks undertook a nation-wide one day strike to protest against the government's mega-merger plan. The one-day strike was called by All India Banks Employees Association (AIBEA) and Bank Employees Federation of India (BEFI). The government has vowed to cut the total number of state-owned banks to 12, from 27 in 2017, raising fears of job losses. Nearly 3,00,000 employees participated in the strike. The union said the government is merging banks to serve the interests of big businesses who have looted these banks in the form of non-payment of loans.

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