Bank staff bearing the brunt of demonetisation: Union

Bank employees have sacrificed their holidays and ignored urgent domestic responsibilities, said a union leader

GN Bureau | November 21, 2016


#Bank Notes   #Black Money   #Cashless Economy   #Rs1000   #Rs500   #Corruption  
Representational image
Representational image

It is high time the authorities woke up to the “pathetic, gruelling conditions” that bank employees are being subjected following the move to scrap Rs 500 and Rs 1,000 currency notes, said Harvinder Singh, general secretary of All India State Bank Officer’s Association.

He said that the unsettled question is at what cost to the people who manage the banks accountable for implementing government policy. “Is it the authority taking the policy decision, is it the management of the banks or the personnel facing the affected common man.

Undoubtedly, it is the man on the field, the employees managing the branches of the banks from Kashmir to Kanyakumari and from Mehsana to Meghalaya,” said a press release.

Singh said that while we have already wholeheartedly welcomed the move of demonetisation, “the reports coming from different parts of the country on the plight of bank employees is far from satisfactory”.

“At the instructions of our government, we the employees on the field immediately took up the uphill task, sacrificing our holidays and ignoring urgent domestic responsibilities. Instructions have been issued to the banks for increasing the working hours. More and more miracles are expected from bankers like mobile vans to disburse cash to needy patients at the hospitals, increasing the cash holding limits of business correspondents and so on, when we are working at the worst situation without support from anybody.

“The reports pouring in from different parts of the country (shows the situation) is utterly chaotic and extremely maddening. How is it humanly possible for anyone to work from 9 a.m. till late midnight without getting justified break required for any machinery to function smoothly and particularly when the working environment is not at all conducive to retain mental peace and physical fitness and more importantly when we are actually handling cash.”

He went on to say that nobody can deny the fact that today “our working conditions are worse than that of bonded labourers, even against the guidelines laid down by various laws and ILO to which India is a signatory.”

“On one hand we are facing the unprecedented huge crowd of furious common man and on the other hand are facing the problem of shortage of currency. The bankers have to exchange notes which involves verifying the identity of the person with the notified document, along with the work of depositing banned currency and making payments to the existing customers with limited currency stock.

Singh said that it seems that hardly anyone at the top has realized the situation on the ground. “Due to shortage of currency, branches are managing the cash left in their currency chest and are running on soiled notes. In some parts of the country, the intelligence reports have confirmed increasing public unrest and banks are seeking police help to control the crowds. The effort involved in simultaneously replenishing the ATMs all over the country and reaching notes to all bank branches is currently proving beyond the capacity of the banking network and logistics firms.”
 

Comments

 

Other News

In Mumbai, 29 private hospitals join vaccination drive

In order to expand the vaccination drive, the centre has allowed 29 private hospitals in Mumbai not empanelled in central and state health schemes to be designated as Covid Vaccination Centres (CVC). After a virtual meeting with the chief minister and the BMC commissioner Tuesday evening, th

Spectrum auction concludes; response better than expected

India on Tuesday concluded the spectrum auction after a total of six rounds of bidding. The authorities described the response as better than expected, with total bids valued at Rs 77,814.80 crore. The quality of service and customer experience is expected to improve with deployment of additional spectrum

Covid-19 has increased nutrition gap. Public feeding programmes need to be enhanced

One of the most significant setbacks from the massive upheaval caused by the Covid-19 pandemic is its effect on food and nutrition security. The pandemic has compounded the already rampant social inequity by adversely affecting the socio-economic status of millions of families across the nation. In the giv

Do you know these hidden forces behind your economic and business decisions?

Predictably Irrational By Dan Ariely Harper Perennial, 384 pages, Revised edition: 2010 In this meticulously researched work, Israel-American psychologist and behavioural economist Dan Ariely [h

Social media guidelines: All you need to know about the change

Amidst growing concerns around lack of transparency, accountability and rights of users related to digital media, the government has framed ‘Guidelines and Digital Media Ethics Code’ after elaborate consultation with the public and stakeholders, to have a “harmonious, soft-touch oversight

PLI scheme to boost IT hardware manufacturing

A production-linked incentive (PLI) scheme with a cost of Rs 7,350 crore over four years was approved by the union cabinet Wednesday, aiming to boost domestic manufacturing and attract global investment in IT hardware like laptops, tablets, PCs and servers. The scheme extends an incentive of

Masterminds: Masterclass with Anu Malik on Music



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter