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Bharat Bandh: Banks Fail To Clear Cheques Worth Rs 18000 Crore

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Bharat Bandh: Banks Fail To Clear Cheques Worth Rs 18000 Crore

by OB Bureau
November 26, 2020
in India
Reading Time: 1 min read
bank strike
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New Delhi: Operations in public sector banks across the country were partially affected on Thursday as some bank unions joined the one-day Bharat Bandh called by central trade unions.

Cash transaction including deposits and withdrawal at branches, forex and government transactions were impacted in many public sector banks where participating unions are strong.

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However, State Bank of India and private sector banks were functional.

According to a top official of the All India Bank Employees’ Association (AIBEA), about 20 lakh cheques worth about Rs 18,000 crore could not be sent for clearance due to the strike.

Ten central trade unions, except Bharatiya Mazdoor Sangh, are observing the nationwide general strike to protest against various policies of the Central government.

Tags: banking operationsbharat bandhCash Transactionscheques
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