Nationwide Bank Strike today, protest against privatisation

Nine Bank Unions with 10 lakh employees across the country are holding a strike in protest of consolidation and privatization of public sector banks(PSBs) on Tuesday.

Banking major SBI has both its unions striking apart from big names like Bank of Baroda, Bank of India, Punjab National Bank all of them accounting for 75 percent of total banking business in India.

Being busy weekday, day-to-day business activity and commoners needs will be badly hit

Cash transactions at ATMs are likely to be disrupted. Cash deposits and cheque clearances will not be processed at all.

Those with accounts with private banks will have some relief as lenders such as HDFC Bank, ICICI, AXIS Bank, Kotak Mahindra Bank stay unaffected.

 

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