Banking operations affected due to nationwide strike by employees
Six important nationalized banks i.e. Andhra Bank, Allahabad Bank, Corporation Bank, Syndicate Bank, Oriental Bank of Commerce, and United Bank of India, were closed down.
Six important nationalized banks i.e. Andhra Bank, Allahabad Bank, Corporation Bank, Syndicate Bank, Oriental Bank of Commerce, and United Bank of India, were closed down.
SBI customers can take a sigh of relief as the bank had said that the strike will not affect its working as the majority of its employees are not members of the two unions.
If there are no buyers for the airline, then the bank dues have to be settled by the airlines first before making the final settlement to their employees.
AIBEA General Secretary CH Venkatachalam said, "The resignation of RBI Governor Urjit Patel is quite shocking and disturbing. The reasons for his resignation are obvious and signal a dangerous trend that institutions like RBI are no longer independent."
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