Banking Services Affected
The strike commenced on 6 am on Monday, and is likely to end on Tuesday, at midnight. The banks were closed over the weekend on 13 and 14 March, leading to a four-day break in regular operations. Therefore, services such as deposits and withdrawals, cheque clearances and loan approval has been affected, added the report.
Since payments are being affected, the strike is likely to have an impact on the stock market as well.
Online banking facility will continue to operate on strike days, and ATMs are functional for use as well.