New Delhi, Sept 25 : Banking operations were affected as the strike call given by the employees union demanding settlement of issues like wage revision and termination of job outsourcing in banking sector among other issues entered the second day today.
According to reports, operations were almost paralysed in the public sector banks from various parts of the country.
However, cash needs of ordinary customers were met by ATMs.
On Wednesday, operations of state-run banks remained almost paralysed as about nine lakh employees went on stir.
provide finance worth $100-million to Idea Cellular. Though entire world is facing the financial crisis and shortage of funds, the highly potential, Indian telecommunication sector is unlikely to face any credit problem. The company would use the amount to expand its network in the various telecom circles of India. The company intends to launch telecom service in Bihar and is also likely to start national long distance telephony network in a short time.
consolidation in the banking was more than enough to agitate the employees of public sector banks. That’s why on Wednesday, over nine lakh employees of public sector banks went on a two day nationwide strike. The major private sector banks however remained open and continued with their regular work.
New York - Federal regulators late Thursday shut down Washington Mutual Inc (WaMu), the largest US saving and loan, in what is is the largest-ever US bank failure.
Hong Kong - Panic died down Thursday among customers of Hong Kong's Bank of East Asia who a day earlier had rushed to withdraw their savings amid rumours the bank was facing collapse.
