Financial institution strike: ATMs go dry on second day

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The ATMs of Public Sector Banks (PSBs) displayed ‘not working’ and ‘below upkeep’ boards because the machines clearly ran out of money because the strike by staff of the PSBs continued for the second day on Tuesday.

Although the financial institution unions have given the strike name for the two-day strike on Monday and Tuesday, the previous two days on Second Saturday and Sunday being financial institution holidays appeared to have had a double affect on the circulate of money. Financial institution staff staged a protest outdoors the UCO Financial institution department at Dwaraka Nagar in opposition to the choice of the Central authorities to privatise PSBs.

Addressing the big gathering of financial institution staff and officers, CPI State assistant secretary J.V. Satyanarayana Murthy mentioned this motion must be changed into a individuals’s agitation drawing inspiration from the farmers’ agitation in Delhi. Banks should be continued below authorities administration for the good thing about the widespread man, he mentioned. The federal government ought to implement stringent legal guidelines for the restoration of company dangerous loans as a substitute of privatising PSBs, he mentioned.

Union leaders Mangapathi, P.R.N. Prasad, R.V. Ravi Kumar, V. Srinivas Rao, V. Ramesh, Rajkumar, R. Vasant Rao, A. Srinivas Rao, P. Eswar Rao, Usha Rani, Prasanna Lakshmi, Sujatha and Pydi Raju participated.

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