Diminishing Impact of Strikes

• 6 September 2016 | 1004 Views | By Mint2Save

It appears that the impact of strikes in banks on day to day banking activities for common man is diluting, as recently, the strike in banks passed away almost  un-noticed, with out much hue & cry as compared to earlier occasions. If thoughts are pondered to find out the reasons then ,broadly, following factors/ reasons appear to be responsible  for the same :-

1. Role of electronic machines :  facilities to the customers provided in the form of use of ATM s and card swap machines coupled with internet banking & plastic money has drastically eased the banking operations for common customer. Customer is facilitated  to carry out petty banking operations even with out  going to bank where he was to stand in long line/ que  waiting  for a long time to perform even petty  banking( in the form of say, withdrawal  or deposition of money) by these machines / facilities. Of course, such facilities to the customer has reduced the customer – burden on the banking employees considerably , on the other hand coupled with increase in promptness  in rest of the related banking task. A considerable improvement in banking facility availability hours has been noted as now a lot of banking can be performed on 24 hours on all week days( 24 x 7) basis.
2. Emergence of Private Banks and, other services providers: The emergence of large and small private Banks viz. Yes Bank, ICICI Bank, IDFC Bank, HSBC Bank etc. as large banks and, small banks such as Dhan Laxami Bank, South Indian Bank etc. and other micro financing institutes like Ujjivan financial services Ltd., Equitas holding Ltd., etc. and , various companies/ organisations looking after their miscellaneous data conciliation (regarding payments made and receipts received under certain programmes) has not only eased the banking burden of Public Sector Undertaking Banks(Govt. Banks) but also the dependency of the public on them too, has been reduced drastically. This has further solved the problem of under-staffing of the banks considerably.
3. This abatement of negative impact of strikes in the banking sector has come up as a considerable relief to common man and also its reduced impact / jolt on economic losses due strike compared to earlier instances. But, then the bank employees have lost their strength/grip / impact drawing capability for pressurising  the banking regulator/monitoring authorities to give a sympathetic consideration to / accept   even for their fair and justified demands arising in future for legitimate increase in pay, dearness allowance, medical facilities, different  perks and other facilities to quench their personal ,family and other social needs.

But, the continuation of these facilities for common customer can be brought to the state of “halt” or “stand-still” deliberately by the striking bank officials for pressurising the authorities for accepting their justified demands by the push of a button in the so sophisticated, effective and useful system bringing forth chaos. This can be understood/ realised by the fact that if the net working system for inter- and intra- banking operations gets paralysed if the internet- facility gets slowed or interrupted (or crashed even) the whole banking system comes to snail speed or total halt.  This brings cursing the so otherwise a boon facilities by the affected customer.

Therefore, it requires the mutual understanding between the authorities and bank employees to keep a harmony which would prove to be pivotal in the abatement of/ irrelevancy of  banking strikes, in real sense.