Banks to remain shut on Tuesday

Banks across the country will remain shut on Tuesday following a strike called by nine bank employee unions. Close to 10 lakh bank employees and officials are expected to take part in the demonstrations that will take place in various cities. ATMs will not be replenished on Tuesday and will be functional only as long as Monday's reserves last.

[Bank employees likely to go on strike on Tuesday, operations may be impacted]

"We have given a shut down call and close to 10 lakh employees of nationalised banks as well as private banks will extend support to the shut down. Demonstrations have been planned on Tuesday to urge the government to yield to our demands," said Ajay Manjrakar, president of Canara bank employee union. Bankers have decided to go to boycott banks and will be taking a pay cut for disrupting services on a work day.

Their demands include declaring wilful defaulters as criminals, "China treats its wilful defaulters like criminals. They are not allowed to travel anywhere or stay in any hotels until they pay up. We want something similar implemented here," he added. Bank employees have also demanded that compensation be paid to families of those who lost their lives during the demonetisation phase. They are also opposing the government's move to merge nationalised banks and recovery of NPS.

OneIndia News