Chandigarh: Banking services in Punjab and Chandigarh were affected on Tuesday as employees of public sector banks went on a day-long strike in support of their demands including stringent measures to recover bad loans.
Because of the strike, bank customers could not get their cheques cleared while transactions like cash withdrawal, cash and cheque deposits were also affected. Several harried customers faced inconvenience as they found many branches of public sector banks closed.
It is the industrial sector including MSME and large enterprises of Punjab and Haryana which are likely to face the brunt as their business transactions may get hampered due to the strike. However, major private sector banks continued to function.
Protesting employees under the aegis United Forum of Bank Unions (UFBU) held protest rallies and demonstrations at several places including Ludhiana. “The branches of public sector banks are closed today. We do not intend that customers should face any kind of inconvenience. But we are left with no option except to go on strike,” Punjab Bank Employees’ Federation Secretary Naresh Gaur said.
Gaur said bank officials’ major demands include stringent measures to recover bad loans, accountability of top executives and criminal action against wilful defaulters of banks loans.
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