Bank strikes hit transactions worth Rs 1.75 lakh cr in 6 southern states
Around 25 million cheques worth Rs 1.75 lakh crore are reportedly held up for clearance due to the zonal strikes called by the United Forum of Bank Union (UFBU) and National Union of Bank Employees. C H Venkatachalam, general secretary, All India Bank Employees Association (AIBEA) said that about 150,000 employees, officers and managers have participated in the strike in about 23,000 branches across Tamil Nadu, Kerala, Andhra Pradesh, Telegana, Puducherry and Andaman & Nicobar.
The strike is to demand early conclusion of the wage revision settlement for the bank staff which is due from November 2012.
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