Banking operations were disrupted on Tuesday across the Indian state of Tamil Nadu as 55,000 public sector bank employees went on strike to protest the government’s proposed consolidation move, according to media reports.
CH Venkatachalam, the general secretary of the All India Bank Employees’ Association (AIBEA), told IANS, “It is a dawn-to-dusk strike as cheque-clearing operations start at 6 am. Bankers working in around 10,300 branches struck work protesting the policies towards the sector.”
Their main demands concern the government’s denial of adequate capital to public sector banks, thus creating conditions for privatization, the AIBEA said in a statement on Tuesday.