Public sector banks (PSB) ATMs displayed boards ‘not working’ and ‘under maintenance’ as the machines apparently ran out of cash as the strike by PSB employees continued for the second day on Tuesday.
Although bank unions have called for a two-day strike on Monday and Tuesday, bank holidays occurring two days earlier on the second Saturday and Sunday had a double effect on cash flow. Bank employees staged a sit-in outside the UCO Bank branch in Dwarka Nagar against the central government’s decision to privatize PSBs.
Addressing a large gathering of bank employees and officials, CPI state assistant secretary JV Satyanarayana Murthy said that this movement should be transformed into a people’s movement inspired by the farmers’ movement in Delhi. He said that banks should be continued under government management for the benefit of the common man. He said that instead of privatizing PSBs, the government should implement stringent laws for recovery of corporate bad debts.
Union leaders Mangapati, PRN Prasad, RV Ravi Kumar, V. Srinivasa Rao, v. Ramesh, prince, r. Vasant Rao, a. Srinivasa Rao, p. Iswar Rao, Usha Rani, Prasanna Lakshmi, Sujata and Paydi Raju participated.
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