Banking operations were partially hit on Tuesday in Telangana as two employee-unions observed a strike in response to a nationwide call, protesting the merger of banks and fall in deposit rates.
Some services like cash deposit and withdrawals and cheque clearances weren impacted due to the strike by banking staff, AIBEA national secretary B S Rambabu said.
"As SBI employees did not participate in the strike, cash transactions in that bank did not have any impact.
However, in Andhra Bank, they were completely paralysed," Rambabau told PTI.
He also claimed that AIBEA has over five lakh members, out of which one lakh are from Cooperative and Grameen Banks, which were exempted for the strike call.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app