All the commercial as well as business activities across India will most probably be crippled owing to the 2 day strike that the banking employees have planned to take up from Wednesday, as reported today by a bank-union official.
More than a million of officer and employees of twenty-seven public-sector banks, eight foreign and another twelve old-generation private banks are supposed to participate in this strike as mentioned by Vishwas Utagi, the secretary of the All India Bank-employees Association.
In a statement Utagi specified that their notion is to protest against the move of the government for amending the bill of banking laws currently awaiting before the parliament and the discussion schedule on the 23rd and 24th of August.
He mentioned that the consequences of the anticipated measures would result in the closing of branches of rural banks, thereby resorting to huge sum of extremely small branches, thus privatizing the operations of rural banking via contractual businesses.
