Bank strike: Services partially hit in Madhya Pradesh

Banking services were partially affected in Mhya Presh on Tuesday as a section of employees stayed away from work in support of nationwide strike called by tre unions to protest against bank mergers and fall in deposit rates. Operations were affected in around 4,800 out of 7,416 branches of different private and public sector banks in state due to strike, Mhya Presh Bank Employees Association (MPBEA) secretary M K Shukla claimed.

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Demonstrations in Indore and Bhopal

Shukla said around 20,000 employees took part in strike, impacting various services like cash deposits, withdrawals and cheque clearances. striking employees took out a rally in Indore, state's key industrial hub, to protest against proposed merger of public sector banks. In Bhopal also, bank employees std a demonstration in Arera Hills area while carrying placards voicing ir protest against Centre's banking policies. strike call was given by All India Bank Employees Association (AIBEA) and Bank Employees Federation of India (BEFI) against bank mergers and fall in deposit rates.

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AIBEA general secretary C H Venkatachalam said, "Merger of banks is totally unwarranted in India as we need more banking services and opening of more branches to serve people." " merger has so far resulted in closure of branches and hence, it is a wrong policy. Recovery of huge b loans is top priority for banks, and merger will change priority. Hence, it is a b idea," he ded.

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