Bank stir hits D-Street

Stock exchanges had to alter their settlement schedules due to the bank strike on Friday. No clearing and settlement could take place on Friday with banks across the country downing their shutters on a slew of issues. All trades executed on January 24 and 25 will be settled on January 28. “In a nutshell, money could again be in short supply and may pose some more strain despite the bounce back across global markets,” said an analyst with India Infoline.