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

Dharmendra Pradhan tenders resignation

Dharmendra Pradhan, education minister at the centre of the storm of the NEET paper leak, offered his resignation to the prime minister on Saturday.   He posted a two-page letter on X, saying he was pained by the events of the last ten days. "This is not a matter of personal

Cabinet approves scheme of chemical parks

The union cabinet chaired by the PM has approved Bharat Audyogik Vikas Yojana Rasayan or BHAVYA - Rasayan Scheme for establishing three dedicated Chemical Parks in the country. The Scheme was announced in the Union Budget of FY 2026–27.   The Scheme will have a total financ

Anurag Jain, IAS appointed as Chief Executive Officer, NITI Aayog

 Anurag Jain, a 1989-batch IAS officer of the Madhya Pradesh cadre, has been appointed as the Chief Executive Officer (CEO) of NITI Aayog for a two-year term after serving as the Chief Secretary of Madhya Pradesh. A distinguished administrator with extensive experience in infrastructure, industrial de

Shri Ashok Barnwal, IAS has been appointed as the Chief Secretary of Madhya Pradesh

 Ashok Barnwal, a 1991-batch IAS officer of the Madhya Pradesh cadre, has been appointed as the Chief Secretary of Madhya Pradesh, succeeding Anurag Jain following his appointment as CEO of NITI Aayog. Prior to assuming the state`s top bureaucratic position, Barnwal served as Additional Chief Secretar

PM announces fast-track courts for paper leak cases

Prime minister Narendra Modi on Thursday stated that the government has decided to set up fast-track courts to ensure swift and stringent punishment for those involved in paper leaks. Emphasising that nothing is more important than the welfare and future of the youth, he noted that h

Making India’s textile & apparel sector sustainable

India’s textile and apparel sector sits at the heart of the economy but is constrained by traditional manufacturing approach. It contributes close to 2% of GDP and around 11% of manufacturing gross value added, with GDP share expected to reach 5% by the end of the decade. The sector employs around 45

Upcoming Conferences





Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter