Our Correspondent
Kohima | August 22
All India bank strike called today by United Forum of Bank Unions (UFBU) was observed in totality in Nagaland. Official source said the strike was successful since all the public sector banks remained shut the whole day.
The strike was total in all districts of Nagaland, said A. Lolly Moses, vice president SBI North East.
The strike was called against the privatization of public sector banks, merger and consolidation of banks and writing off corporate nonperforming assets.
It further called for declaring willful default of bank loans as criminal offence, implementation of recommendations of parliamentary committee on recovery of NPAs, ensuring accountability of top management for bad loans and stringent measures to recover bad loans, withdrawing proposed FDI Bill, abolishing the Banks Board Bureau etc.
