PSU banking operations hit by strike

Cheque clearances and cash withdrawals and deposits in public sector bank branches across the country were hit as employees started a two-day strike today to press for a revision in wages. However, private sector banks such as ICICI Bank, HDFC Bank and Axis Bank were functioning normally because their staff are not on strike. Employees are compelled to take this route as the Indian Banks’ Association (IBA) did not come up with an improved wage offer, United Forum of Bank Unions (UFBU) Convener M V Murali said.