Bank services hit as staff goes on strike

Most public sector bank branches visited by IANS correspondents had their shutters down.

IANS
New Delhi, Publish Date: Aug 22 2017 11:33PM | Updated Date: Aug 22 2017 11:33PM
Bank services hit as staff goes on strikeRepresentational Pic

Banking operations across the country were hit on Tuesday as over 10 lakh bank employees in more than 1,30,000 branches pan-India struck work -- protesting against reforms in the banking sector among other issues -- thereby affecting cheque-clearing activity. However, private lenders like ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank functioned normally.

An official of the United Forum of Bank Unions (UFBU) -- the umbrella body of nine unions which has given the strike call -- said "over 10 lakh bank employees spread in more than 1,30,000 branches across the country struck work hitting cheque-clearing activity".

Most public sector bank branches visited by IANS correspondents had their shutters down. 

Government treasury transactions were impacted. Foreign exchange transactions, import and export bill transactions and sanction of loans, among others, were also affected.