Mumbai:
Cheque-clearing operations came to a standstill on 16
April as the employees of public sector banks, financial
institutions and the Reserve Bank of India (RBI) joined
the all-India strike called by various trade unions to
protest against the anti-labour polices of the government.
Money and forex markets
reported thin trading with private and foreign banks operating as
usual. Most public sector banks more or less stayed away from the
market, said a dealer with a private bank.
RBI employees also
participated in the strike. According to an RBI spokesperson,
about 50 per cent of employees attended office.
Clearing-house
operations were totally paralysed. Cheques worth crores
of rupees were held up, said an official of one of the trade
unions participating in the strike.
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