Banking Services Hit As Lakhs Of Employees Go On Two-Day Strike

by Krupali
4 years ago

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.

Bank employees raise slogans during a protest in support of the two-day nationwide strike, called by United Forum of Bank Unions (UFBU), against the proposed privatisation of two state-owned lenders, at Jantar Mantar.

Bank employees display banners and placards at a protest during a two-day nationwide banks strike against the privatization of Public Sector Banks and retrograde banking reforms, in Patiala.

While…

Banking Services Affected

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