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4 mn cheques will be held up due to bank strike: Employees' association

With branches closed, cash transactions are also set to take a hit

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The day-long strike called by nine bank unions on Wednesday will hold up the clearance of at least 3 million cheques, worth around Rs 23 billion, the All India Bank Employees' Association (AIBEA) has said. Around 1 million bank employees and officers are participating in this strike, the association has claimed.   This is goin to be caption for image The strike has been called to protest against the government’s recent decision to merge Bank of Baroda, Dena Bank and Vijaya Bank to form a single bank after closing down the two other ...

4 mn cheques will be held up due to bank strike: Employees association

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4 mn cheques will be held up due to bank strike: Employees association

4 mn cheques will be held up due to bank strike: Employees association

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4 mn cheques will be held up due to bank strike: Employees association

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4 mn cheques will be held up due to bank strike: Employees association

DHFL was founded in 1984, to provide financial accessibility to lower and middle income customer segments among semi-urban and rural population in India.

4 mn cheques will be held up due to bank strike: Employees association

On an intra-day basis, the scrip had slumped over 12 per cent to touch a low of Rs 164.50 per share.

4 mn cheques will be held up due to bank strike: Employees association

Accordingly, the company's scrip at the BSE closed more than 8 per cent or Rs 14.80 lower to Rs 170.05 from its previous close of Rs 184.85.

4 mn cheques will be held up due to bank strike: Employees association

The scrip of housing finance company DHFL closed over 8 per cent lower on Tuesday as an investigative media report alleged siphoning off of Rs 31,000 crore from the company by its promoters.

4 mn cheques will be held up due to bank strike: Employees association

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4 mn cheques will be held up due to bank strike: Employees association

4 mn cheques will be held up due to bank strike: Employees association

First Published: Wed, December 26 2018. 15:37 IST
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4 mn cheques will be held up due to bank strike: Employees' association

With branches closed, cash transactions are also set to take a hit

The day-long strike called by nine bank unions on Wednesday will hold up the clearance of at least 3 million cheques, worth around Rs 23 billion, the All India Bank Employees' Association (AIBEA) has said. Around 1 million bank employees and officers are participating in this strike, the association has claimed.   This is goin to be caption for image The strike has been called to protest against the government’s recent decision to merge Bank of Baroda, Dena Bank and Vijaya Bank to form a single bank after closing down the two other ...

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