Banks on 2-day nation-wide strike from today- Here's how it will affect you The two-day nationwide bank strike on May 30 and 31 will hit banking operations and might lead to cash-crunch across the country
Employees and officers of various public sector banks across the country are on a two-day strike starting today to protest a nominal 2 per cent wage hike offered by the Indian Banks' Association (IBA). The strike is expected to hit bank customers hard as it may disrupt month-end salary credit operation. Further, the strike could trigger a country-wide cash crunch as ATMs of most banks would not be replenished in the next two-days. Several ATMs might even remain closed during the strike as security guards employed in these ATMs are also likely to participate in the protest.