India's banking public braced for limited cash access as employees of both public and private sector banks staged a two-day strike, starting today.
According to IBN Live, the walk-out is in protest of a number of issues, including a proposed Banking Law Bill, the planned closure of rural branches, arbitrary HR procedures and the outsourcing of bank jobs.
The IBN article said that about a million bank workers — including both staff and officers — were expected to take part in the nationwide walk-out. The action would be likely to affect ATMs as the public made a run on cash to tide them over during the strike.
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