August 22, 2017 1:57 PM

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Banking operations in public banks disrupted due to nation-wide strike

Normal banking operations have been hit as public sector bank employees went on a one-day nationwide strike today to protest against the government's proposed consolidation move.Services like deposits and withdrawal at bank branches, cheque clearance, NEFT and RTGS transactions have been affected. However, operations at private lenders were almost normal.The strike has been called by all unions under the aegis of the United Forum of Bank Unions. Besides protest against consolidation move of the government, other demands include no write-off policy for non-performing assets (NPAs) of corporate loans, declaring wilful default of loans as criminal offence and implementation of recommendations of Parliamentary Committee on recovery of NPAs.

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