Summary:
Tribune News ServiceLudhiana, October 22Work in city banks came to a halt as the All-India Bank Employees Association and the Bank Employees Federation went on a strike today. Bank employees maintained that the strike was not for their own rights, instead they were fighting against the privatisation of banks. It means that 6 banks (United Bank of India, Allahabad Bank, Syndicate Bank, Corporation Bank, Oriental Bank of Commerce and Andhra Bank) would now get closed. But unfortunately, in the name of new economic policies and liberalisation of banking regulations, banking sector reforms were being pursued in the past 28 years by successive governments. The main idea was to deregulate the banking sector and liberalise the existing controls, said the leaders..