Banking services at public sector banks across India were interrupted Wednesday as bank employees went on a two-day nationwide strike against the meagre 2% salary hike offered by Indian Banks Association. However, operations in private banks, such as ICICI Bank, HDFC Bank, Axis Bank, were almost normal, barring few activities including cheque clearance. Since the bank strike coincides with the month-end, salary withdrawals from branches are likely to get affected. Some ATMs may also take a hit. Besides, deposits in bank branches, renewal of fixed deposits, government treasury operation, money market operation are likely to be impacted by the bank strike.
Banking services at public sector banks across India were interrupted Wednesday as bank employees went on a two-day nationwide strike against the meagre 2% salary hike offered by Indian Banks Association. However, operations in private banks, such as ICICI Bank, HDFC Bank, Axis Bank, were almost normal, barring few activities including cheque clearance. Since the bank strike coincides with the month-end, salary withdrawals from branches are likely to get affected. Some ATMs may also take a hit. Besides, deposits in bank branches, renewal of fixed deposits, government treasury operation, money market operation are likely to be impacted by the bank strike.
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