Govt bank employees strike, residents inconvenienced

Employees of government banks observed a complete strike on Thursday at Sangrur. Protesting under the banner of AIBEA and Banks Employees Federation of India, employees demanded the roll-back of the recent Banking Regularisation Act.

Employees of government banks observed a complete strike on Thursday at Sangrur. Protesting under the banner of All India Banks Employees Association (AIBEA) and Banks Employees Federation of India, employees demanded the roll-back of the recent Banking Regularisation Act and slammed the government's move to grant banking licences to big business houses.

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Residents were inconvenienced a great deal, as those planning to operate lockers and transact other businesses will have to visit the banks again on Friday. Long queues were also witnessed outside ATMs. There were also reports of ATMs running out of cash due to heavy withdrawals.

Addressing the gathering, Sunil Kumar Jain, regional secretary of the AIBEA, said that decision to give banking licences to big businessmen was against the interests of government banks and its employees. Slogans were also raised against the central government.