Effect of Bank Strike on 28th February 2017

Public Sector Bank Employees were on strike today, which was called by United Forum of Bank Unions (UFBU). C H Venkatachalam, General Secretary, All India Bank Employees’ Association said that around 85,000 branches of commercial banks, 105,000 branches of co-operative bank and others are on strike.

What was the effect of banlers’ strike (besides your one day salary deduction 🙁 )? Was the strike called by Bank Employees Unions successful?

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Here is how various newspapers covered the effects of bank strike today:

Operations hit across India, clearance of 40 lakh cheques totalling Rs 22,000 crore affected – India Today

Banking operations were hit on Tuesday by the day-long, nation-wide strike called by employees of public sector banks – businesstoday.in

“People could not go to banks to transact anything, deposit money, withdraw money or do any other transaction. Government treasury transactions could not be done, import and export transactions were hit, money market operations were not possible,” AIBEA General Secretary C H Venkatachalam told PTI.

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Bank strike: Why there’ll be no real winners in trade unions’ fight against banking reforms : First Post

Strike hits banking services in Punjab, Haryana, Chandigarh: Economic Times

Your comments. Do you think, it was successful?

Jai