| Two-day bank strike from today, salary withdrawal, ATM transactions may take a hit | | | Agencies
Just before the pay day, banking transactions may take a hit today as nearly 1 million bank employees of public sector banks across the country plan to go on a two-day nationwide strike starting Wednesday.
Most of the banks, including SBINSE 0.57 %, PNBNSE 0.76 % and BoB, have already informed their customers that functioning of branches and offices will be impacted if the strike takes off.
However, the functioning of private banks like ICICI, HDFC, Axis and Kotak Mahindra is expected to be normal except for delays in cheque clearance.
The bank unions have been pressing for various demands, including wage revision in the wake of the proposal for a 2 per cent hike in salary.
The United Forum of Banking Unions (UFBU), an umbrella body of nine bank unions has called for a nationwide bank strike against wage hike proposed by the Indian Banks' Association (IBA).
Reportedly, the ATM security guards are also likely to participate in the protest. And with protest dates coinciding with the end of the month, salary withdrawals may get affected too.
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