Banks to be closed from today due to nationwide 2-day union strike

Bank strike: Withdrawal and cash deposit in the branches of public sector banks would be affected. However, the functioning of private banks like ICICI, HDFC, Axis and Kotak Mahindra is expected to be normal except for delays in cheque clearance.

Representational Image, courtesy: PTI

New Delhi: Banking services are likely to be impacted for today and tomorrow as employees of the public sector banks have given the two-day nation-wide strike to press for wage revision. As the meeting called by the Chief Labour Commissioner for a reconciliation failed on wage revision, all the 9 constituents of United Forum of Bank Unions (UFBU) have decided to continue with strike call, All India Bank Officers' Confederation (AIBOC), an affiliate of UFBU, said in a statement. Most of the banks, including SBI, PNB and BoB, have already informed their customers that functioning of branches and offices will be impacted if the strike takes off. However, the functioning of private banks like ICICI, HDFC, Axis and Kotak Mahindra is expected to be normal except for delays in cheque clearance. Withdrawal and cash deposit in the branches of public sector banks would be affected. According to National Organisation of Bank Worker's (NOBW) vice president Ashwini Rana said 10 lakh bank employees and officers of the 21 public sector banks, old generation private banks and foreign banks will join the 2 days. There are as many as 21 public sector banks control 75 percent of the total business in the country. (with input from agencies)