CST – PM Narendra Modi announced demonetization on 8th November 2016 around 8pm which brought the country to a standstill. Following which, the banks had to work overtime to manage the depositing of old notes as well as the disbursement of new ones, at times facing the wrath of the angry citizens.
Irate employees have decided to call strike on 28th February where employees of private banks, national and international banks will participate. “Almost 10 lakh employees will be participating in strike,” informed Devidas Tuljapurkar, Deputy Secretary, All India Bank Association and United Forum of Bank.
He lashed out at the situation saying that the ATM's are still falling short of new notes, further notes checking machines for the new denomination notes has not reached the banks. He added that those banks which were on the verge of bankrupcy, their situation has worsened further. He demanded that action should be taken against those who were involved in malpractises during the demonitization phase and also against those who do not repay their loans taken against overvalued assets.
Prior to one day strike, the bank employees will protest on 17 February at OBC bank around 5 pm.