Bank staffers to strike work on Feb 28

Around 10 lakh bank employees will go on a day-long strike on February 28. The strike call is to demand criminal action against wilful defaulters and reimbursement of cost of demonetisation to the banks. 

“The government should reimburse the cost of demonetisation to banks. This cost and the business loss during the period of nearly two months will have a cascading effect on the



balance sheets of the banks, and the brunt will be borne by the bank employees and officers alone,” All India Bank Employees’ Association General Secretary C H Venkatachalam said on Sunday.

Venkatachalam demanded criminal action against wilful defaulters of bank loans as, according to him, only that can reduce such irregularities in the banking industry.