India is still very much a cash society and banks have been exempted from a 21-day lockdown that began this week as they are considered an essential service.
Bank unions have decided to go on a two-day nationwide strike from Friday as talks with management of public sector lenders on wage revision have failed to reach a consensus
Bank strike from today: Over 10 lakh employees to take part in 2-day stir; services at branches, ATM services to be hit
"Today's talks with Indian Banks' Association (IBA) failed on-demand from unions, so strike call stands," AIBEA General Secretary C H Venkatachalam said on Thursday
Cabinet clears merger of Dena Bank, Vijaya Bank with Bank of Baroda; no impact on service conditions of employees
With the merger, Bank of Baroda will become the third largest bank after State Bank of India and ICICI Bank.
Banks to remain closed for five days from tomorrow; holidays, strikes to affect operations, ATMs may take hit on 26 Dec
The UFBU, an umbrella body of the top nine bank unions, has given a strike call on 26 December while the AIBOC has appealed for a strike on Friday
Two-day bank strike: Nearly 60,000 employees protest in Maharashtra against 'meagre' 2% wage hike; ATMs go dry in Moradabad
Nearly 10 lakh employees are participating in the nationwide strike as part of "our democratic right by forgoing our salary", All India Bank Employees Association (AIBEA), general secretary C H Venkatachalam had said earlier in the day.
Employees and officers of various state-run banks have called for a two-day nationwide strike from 30 May to protest a nominal 2 percent wage hike
Wage revision talks between the United Forum of Bank Unions (UFBU) -- an umbrella body of bank unions -- and IBA representing various banks held in Mumbai on Saturday ended in a failure
Kulgam terror attack: Hizbul Mujahideen militants kill 7 including 5 policeman while looting cash van
Militants attacked a cash van and shot dead five policemen and two bank employees in Jammu and Kashmir's Kulgam district on Monday, police said.
In a major crackdown on bank employees post demonetisation, 27 officials of various public sector banks have been suspended and six others transferred.
Who takes the hit in that case? The common man.