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Nationwide strike brings 2/3rd of banking to a halt
 

Nationwide strike brings 2/3rd of banking to a halt

TestFunda ,  28-Aug-12
Over two-thirds of banking activity in the country was affected today as employees of public sector banks and some old private banks went on strike to protest against a new legislation that “would give more voting powers to bank shareholders and pave the way for corporate entry into banking.”

The two-day strike call given by the United Forum of Bank Unions (UFBU) was followed by most public sector banks. 

"Over 70,000 bank branches and a million (10 lakh) bank employees participated in the strike today," C H Venkatachalam, general secretary, All India Bank Employees Association, said. He added that the same response was expected on the following day too.
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