CLC - Latest News Update, Information, Photos & Videos on CLC at Lokmat Times

"In the clearing grids in Mumbai, Chennai and Delhi, about 31 lakh cheques worth about Rs 23,000 crore could not be cleared due to the strike. Most of the bank branches remained closed. Cash could not be deposited or withdrawn, C.H. Venkatachalam, General Secretary, AIBEA said.The United Forum of Bank Unions (UFBU), an umbrella body of nine unions in the banking sector had given the strike call for Jan 31 and Feb 1."As per reports reaching us from all over the country, mainly from major states like Tamil Nadu, Maharashtra, Andhra Pradesh and Telangana, West Bengal, UP, MP, Delhi, Punjab, Gujarat, Karnataka, Kerala, Bihar, etc. banking transactions have been greatly affected," Venkatachalam said.The bankers have called strike on the day when the Economic Survey will be presented and Finance Minister Nirmala Sitharaman would be presenting her second budget on February 1.Venkatachalam said wage revision settlement in banks is due from November, 2017 because the last settlement ended in October, 2017.Even though discussions are going on for the past 30 months, the bank managements and Indian Banks' Association (IBA) did not come forward to settle the demands with a reasonable increase in salary looking to inflation and heavy workload on the employees."In the conciliation meeting held by Chief Labour Commissioner (CLC) in Delhi on Jan 27, 2020, attempts were made to reconcile but the discussions did not result in any conclusion. Hence the CLC advised the IBA to hold direct bilateral talks with the Unions before the strike and try for a solution," Venkatachalam said.According to him, the last minute discussions held between managements and bank unions at Mumbai on Jan 30 did not clinch the issues and hence the Unions decided to go ahead with the two days strike on Jan 31 and Feb 1.( With inputs from IANS )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

ClcFOLLOW

Clc, Latest News

Politics :"Delhi facing 20 pc deficit in raw water supply from Haryana," says Saurabh Bhardwaj

New Delhi [India], June 14 : Delhi Water Minister Saurabh Bhardwaj on Wednesday said that the national capital is ... ...

Nagpur :Shanti Nagar slums to be ODF by March 2022

Nagpur, May 27 The Centre had launched Swachh Bharat Mission Grameen SBM (G) on October 2, 2014 that time ... ...

Business :Bank strike impact: Rs 23,000 cr worth of cheques held up

Banking operations were largely affected in the country on Friday owing to the strike by bankers pressing for early settlement of wage revision, said a top leader of All India Bank Employees' Association (AIBEA). ...