Holidays, strike to hit bank transactions

Holidays, strike to hit bank transactions

MUMBAI (DHNS): Operations may be affected in July as there are 11 holidays

Banking transactions, especially of the state-run banks, are likely to be severely affected in July as 11 holidays are coming up during the month.

In addition to this, banking transactions are likely to be disrupted on two days during the month owing to bank employees’ strike.

About 45,000 employees of the five subsidiaries of State Bank of India will strike work on July 12 to protest against the government’s decision to merge it with SBI.

Besides this, over 5 lakh employees associated with the All India Banking Employees Association and 1 lakh employees affiliated to All India Banking Officers Association are set to strike work across the country.

Protest against reforms

The United Forum of Bank Unions will be striking work on July 29 to protest against the government’s banking reforms policy and the closure and merger of the public sector banks.
Woes of customers

Apart from this, regular bank holidays, including Eid, second and fourth Saturdays and five Sundays will add to the woes of bank customers.

According to experts, banking transactions, including cheque clearing and deposits, will be impacted due to the strike .

However, cash withdrawals are not likely to be affected much.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here