Bharat Bandh: Banking services hit

According to the unions, public sector bank employees were largely absent, hitting clearing services.

By: Express News Service | Mumbai | Published: September 3, 2016 1:06:06 am
bharat bandh, banks bandh, banks closed, strike, union strike, anti labour policies, india strike, india trade union strike, left party strike, bharat bandh september 2, mamata banerjee, west benagl nband, kerala band, maharashtra band, odisha band, karnataka band, situation during band, indian express news, india news According to industry chamber Assocham, the strike affected trade, transport, key manufacturing facilities and banking services and may cause an estimated loss of Rs 16,000-18,000 crore to the country’s economy.

Banking and insurance services were affected across the country on Friday as financial sector employees went on strike to protest against the government’s “indifference” to their demands for better wages and the “anti-worker” changes in labour laws.

According to the unions, public sector bank employees were largely absent, hitting clearing services. Private banks continued their operations normally.

“Clearing services were impacted. Financial instruments worth Rs 19,000 crore were held up,” said AIBEA General Secretary C H Venkatachalam.

According to industry chamber Assocham, the strike affected trade, transport, key manufacturing facilities and banking services and may cause an estimated loss of Rs 16,000-18,000 crore to the country’s economy.

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