The management of government banks in India started with a two-day strike of bank employees in protest against the proposal of two percent incremental salary of the Indian Banks' Association. This led to the disruption of banking services in government banks across the country. However, the private sector ICICI Bank, HDFC Bank and Axis Bank are operating normally. Just some services like cheque clearance have been interrupted.

With the fall of the month of strike, the withdrawal of salary from the bank branches has also been affected, while some ATM machines are also likely to be affected. Apart from this, the effect of this strike can be seen on deposits in the branches, renewal of term deposits, work related to government treasury, currency market related etc.

All India Bank Employees Union's Secretary General CH Venkatachalam said that after the failure of several rounds of negotiations between the bank and its employees' associations, the Union Forum of Banking Union (UFBU) has opposed the proposed two percent increments. Decided to go on strike for the two days because last year salary increments of 15 percent were given. UFBU is a consolidated organization of nine associations of the employees' associations.

Ravindra Gupta, joint general secretary of All India Bank Officer's Confederation (AIBOC), said, "Proposal of this kind of increment is, in a way, an insult to the public sector bank employees. We had no choice but to go on strike."

He said that public sector banks ensure the success of all schemes like government's Mudra Yojna, Jandhana Yojana and notes ban, and in return, only two percent salary increments are offered to its employees. This is unjustified with bank employees who work hard to build the country.

Venkatachalam said that around 10 lakh bank employees across the country are participating in this strike. It is notable that there are about 85,000 branches of 21 public sector banks in India whose market share is about 70 percent. Most of the banks, including State Bank of India, Punjab National Bank and Bank of Baroda, had already given information about the strike.

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