Bank strike on November 19, banking and ATM services might be hit: Report

The Bank of Baroda in a regulatory filing said the general secretary of the AIBEA had served a notice of the strike to the Indian Banks' Association informing that the members propose to go on a strike in support of their demands

Updated on: Nov 14, 2022, 15:48:24 IST

By HT News Desk | Written by Aryan Prakash

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The banking services across the country will be affected on November 19 i.e Saturday due to the strike called by the All India Bank Employees' Association. The Bank of Baroda in a regulatory filing said the general secretary of the AIBEA had served a notice of the strike to the Indian Banks' Association informing that the members propose to go on a strike in support of their demands, Livemint reported.

The lender said that necessary steps are being taken to ensure smooth functioning of bank's branches and offices on the strike days. However, it said that in case the strike materialises, the functioning might be affected.

As per rules, November 19 happens to be the third Saturday. The banks remain open on the first and third Saturdays.

As per rules, November 19 happens to be the third Saturday. The banks remain open on the first and third Saturdays.

This month, the banks will be closed on ten days which includes the festivals and the second and fourth Saturdays.

In another development, the currency in circulation declined during Diwali week for the first time in 20 years. In its report Ecowrap, the Stat Bank of India Research said innovation in technology changed the Indian payment system. The report attributed it to the growth in digital transactions.

The report stated that the Indian cash lead economy changed to smartphone-led payment economy.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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