Close Banks for 15 Days, demand Bank Unions
According to a report in The Economic Times, the employees’ unions have demanded that the RBI should shut down banks for fifteen days until it prints enough currencies for disbursement.
The unions said the apex bank wasn’t prepared for such a grand demonetization scheme and it faltered in its implementation.
Demanding more transparency from the RBI, the employees’ unions further said the RBI was yet to come out with any exact details of notes printed and the cash dispatched to the banks.
“While the RBI make public statements that it is supplying banks with adequate cash, the reality is otherwise”, the unions said, adding that this makes the public feel that staff is not deliberately making payments.
The acute shortage of lower denomination notes has put many branches under tremendous pressure as many frustrated customers could be seen fighting, quarrelling, abusing and insulting the staff.
This has affected the morale of the employees and even led to alleged deaths of 11 bank officers since the announcement of demonization.
The unions warned that they would resort to protests in the next ten days if the government didn’t pay heed to their plight which had compounded following the demonetization announcements and cash crunch.