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Banking operations affected by nation-wide strike

Few days back, major bank unions deferred a two-day strike call for July 12 and 13

Policy Pulse
Publish Date: Jul 29 2016 12:35PM | Updated Date: Jul 29 2016 4:56PM

Banking operations affected by nation-wide strike

 Banking operations across the nation were affected as at least 10 lakh employees of private and nationalised banks struck work for a day to protest against Centre’s policies for the sector.

 
"The strike has evoked a good response nationwide as around ten lakh have participated in it. Most of the nationalised banks are closed," C.H. Venkatachalam, General Secretary of the All India Bank Employees Association (AIBEA), told news agency IANS in Chennai.
 
Few days back, major bank unions deferred a two-day strike call for July 12 and 13 following a restraint order by the Delhi High Court.
 
Unions had given the strike call protesting against the merger of the five associate banks of the State Bank of India (SBI) with the parent and the privatisation of IDBI Bank.