Bank strike hits transaction
Source: Hueiyen News Service / Newmai News Network
Imphal, August 22 2012:
The nationwide strike by the United Forum of Bank Unions (UFBU) pushing various demands hit normal functioning of all the public sector and private sector banks including foreign banks in Manipur today.
UFBU, a united body of bank unions across India which include APBCA, AIBOC, NCBC, BEF (NER) and AIBOA has called a two-day strike which ends tomorrow mainly against the proposed Banking Laws (Amendment Bill) 2011 .
Striking members of UFBU, Manipur State Committee demonstrated in front of State Bank of India, Imphal Branch here at MG Avenue taking part in the all India protest.
Strongly protesting against the proposed Bill, they are saying no to privatisation of public sector banks (PSBs), reduction on Government's equity in PSBs, World Bank loan to capitalise PSBs, unrestricted entry of foreign capital in banking sector, closure of rural branches, etc.