Normal banking operations in public banks may see some disruption today because of a nation-wide strike to protest against the government's proposed consolidation move besides raising other demands.Deposit and withdrawal in bank branches, cheque clearance, NEFT and RTGS transactions are expected be affected. Operations at private lenders such as ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank are expected to be normal except delay in cheque clearances.According to sources, the government is looking to reduce the number of public sector banks to 10 to 15 through a series of mergers and acquisitions.
News On AIR | August 22, 2017 11:16 AM
Banking operations in public banks disrupted due to nation-wide strike