Strike cripples banking operations in TN

Chennai, Oct 27 (UNI) Banking operations in Tamil Nadu were paralysed following a day-long token strike called by the United Forum of Bank Unions (UFBU) to protest against outsourcing banking services as well as privatisation.

The strike was to oppose proposed increase in voting rights of foreign investors in private banks, merger of banks and to press their demands, which included filling up of one lakh vacancies in the banking sector, compassionate appointments and one more option of pension.

An office-bearer of the Tamil Nadu Bank Employees Federation, affiliated to the All India Bank Employees Association, told UNI that more than two lakh bank employees, including officers, in the state participated in the strike.

Private banks and foreign banks in the state also suspended work.

Operations in Clearing House and Foreign Exchange market came to a standstill following the strike.

Despite pouring rains, more than 500 members representing various unions, staged a demonstration in fornt of the Head Office of the Indian Bank under the banner of the UFBU.

A report from Tiruchirapalli said the strike was total in the city, Perambalur, Pudukottai and Karur districts.

Braving intermittent rains, about 300 bank employees, affiliated to various unions, staged a slogan-shouting demonstration in front of the IOB's Regional Office at Othakkadai area in the city.

They were led by Bank Employees Federation of India (BEFI) Joint Secretary G Balachander.

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