Bengaluru, Feb 28: Nearly 75 per cent of the banking services will be hit on Tuesday owing to the strike call given by most unions under the Union Forum of Bank Unions. While most of the banks would go on strike on Tuesday, top private lenders such as the ICICI, HDFC, Kotak Mahindra Bank and Axis bank would function normally.
However, there would be no cheque clearances on Tuesday as several other banks would be on strike. The remaining services would function as normal in the above mentioned banks.
Customers who have deposited cheques may not get their money on Tuesday. There will be no cheque clearance at all or there may be a delay owing to the bank strike.
Banks such as the State Bank of India, Punjab National Bank and Bank of Baroda have already informed their customers that functioning of branches will be affected as a result of the strike.
PTI reported that the United Forum of Bank Unions is an umbrella body of nine unions, but two of the Bharatiya Mazdoor Sangh affiliates-National Organisation of Bank Workers and National Organisation of Bank Officers-are not part of the stir.
The conciliation meeting before the chief labour commissioner on February 21 failed to break the logjam as the bank management represented by the Indian Banks Association did not agree to demands and put conditions, All India Bank Employees' Association general secretary C H Venkatachalam told PTI.
All attempts to find solutions to the demands raised by the unions yielded no results and hence, UFBU decided to proceed with the proposed strike on February 28, he said.