Bank strike today: Branches, ATMs likely to be shut as union protest against mergers

Banks strike

Banks strikeBanking operations across the country are likely to be hit today as employees from two bank unions are calling an all -India bank strike for 24-hour. 

Apart from the two unions participating in the strike, other unions have also extended their support to them.The unions are sitting on strike due to their objection against the Narendra Modi-led government’s decision to merge ten public sector banks into four bigger banks.

Although the largest bank of India, the State Bank of India (SBI), believe to have minimal impact on its operations, several other PSU banks like Bank of Baroda have already warned of disruption in their banking operations. 

Bank employees’ union leaders have also threatened to close the ATMs, according to a PTI report.

"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.