Banks/government have lost over Rs 30000 crore as the two day strike by over 8 lakh employees of the public sector, and some private sector and foreign banks hit the common man badly,particular the rural areas.
According to the All India Bank Employees Association (AIBEA) vice president Vishwas Utagi,about 10 crore checks worth Rs 740000 crore could not be cleared. Government transactions,foreign exchange transactions and money market operations were also affected.
Meanwhile,All India Trade Union congress general secretary and CPI MP Gurudas Dasgupta hit out at the finance minister P Chidambaram for stating that bank profits could not be used only to enhance salaries (of their employees ) as they must be invested in expansions. He wondered how the banks which refuse higher wages to its employees,waived bad loans of big corporates.
The strike was called by United forum for Bank Unions
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