Clearance of 38 lakh cheques worth Rs 37,000 cr affected by bank strike

The ongoing two-day nationwide bank strike against the privatisation of government banks has affected clearing of cheques worth about Rs 37,000 crore, said C.H. Venkatachalam, General Secretary of the All India Bank Employees’ Association (AIBEA).”There are three cheque clearing centres in India — Chennai, Delhi and Mumbai. In two days – Thursday and Friday – about 38 lakh cheques worth about Rs 37,000 crore were held up,” Venkatachalam said.Giving a grid wise break up, Venkatachalam said in about 10 lakh cheques worth about Rs 10,600 crore in Chennai, about 18 lakh cheques worth about Rs 15,400 crore in Mumbai and some 11 lakh cheques worth Rs 11,000 crore in Delhi were not cleared.He said, in addition to public sector bank staff, employees and officers of old generation private banks like Federal Bank, Karnataka Bank, Karur Vysya Bank, CSB Bank, South Indian Bank, Dhanlaxmi Bank, Ratnakar Bank, J&K Bank and also Kotak Mahindra Bank were also on strike.Employees of foreign banks like Citi Bank, Standard Chartered Bank, Sonali Bank, Bank of America and others though very small in number are also on strike.A section of employees and officers of Regional Rural Banks are also on strike, he added.



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