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Bank strike hits services

By The Assam Tribune

NEW DELHI, Dec 26 - Banking operations were impacted due to a day-long nationwide strike called by all unions to protest the proposed amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda.

However, banking operations would be restored from Thursday onwards.

Some private sector banks, including ICICI Bank, HDFC Bank and Axis Bank, were functioning on Wednesday, while others such as Federal Bank, South Indian Bank and Karur Vysya Bank were closed. This was second bank strike in less than a week.

On December 21, an officers� union of state-run banks observed a day-long strike to protest the merger and also demanded immediate settlement of wage negotiations. Banks worked on Monday (December 24).

As a result, ATMs had gone dry at many parts of the country and the cheque clearances were held up including that of private sector lenders.

Wednesday�s strike was called by the United Forum of Bank Unions (UFBU) � an umbrella organisation of all nine unions, including All India Bank Officers� Confederation (AIBOC), All India Bank Employees� Association (AIBEA), National Confederation of Bank Employees (NCBE) and National Organisation of Bank Workers (NOBW). � PTI

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