21 public sector Banks on Strike

Normal banking operations in public sector banks may be hit today as the unions under the aegis of United Forum of Bank Unions (UFBU) has called for a nation-wide strike to protest against the government’s proposed consolidation move besides raising other demands.

Customers have already been informed by the Indian Banks’ Association (IBA) that the functioning of branches and offices may take a hit if the strike takes off. It also asked banks to take measures in advance to minimise the impact. Services that are expected to be affected include deposit and withdrawal in bank branches, cheque clearance, NEFT and RTGS transactions. Operations at private lenders such as ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank are expected to be normal except a delay in the cheque clearances.

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