Bank unions call off proposed 3-day strike

Customers of state-run banks can heave a sigh of relief with bank unions on Wednesday calling off their three-day proposed strike from March 28.

The proposed strike could have paralysed the entire banking services and put customers to severe inconvenience as it would have affected financial work for most of next week, since March 27 (Tuesday) is already a holiday on account of Ram Navami.

The three-day strike from Wednesday would have rendered the whole week futile for carrying out any emergency bank work. In fact, the income-tax department had already asked people to pay their taxes by March 23 to avoid inconvenience on account of disruption in services due to the proposed strike. Even the government would have faced problems as tax refunds etc for 2006-07 have to be made by March 31.

Read more at The Economic Times