Bank activities paralysed as employees go on one-day strike today
According to reports, eight to ten lakh bank employees, including those of the State Bank of India, are participating in the nationwide one-day strike in protest against the Govrnment's privatisation and merger policy.
However, few private sector banks like ICICI Bank were working as usual.
According to reports, all banking activities, including cheque clearances, cash deposit and withdrawal at branches and other facilities were hit because of the one-day bank strike.
The strike has been called by the United Forum of Banks Unions (UFBU), an umbrella organisation of nine bank employees and officers' unions.
The employee unions are opposing the government's decision to privatise IDBI Bank. They are also against the decision to merge the five associate banks of the State Bank of India (SBI) with SBI.
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