The Bank employees of about 75 nationalised banks and 55 schedule Banks went on nationwide strike in India on 25/01/2008, thereby totally paralysing the banking sector.
The bank employees demanding pensionary benefits and protesting the merging of associate banks with the State Bank of India resorted to the token strike on Friday.If their demands are not settled, they have also proposed to go strike in the last week of February, 2008.
The nationwide strike have affected the money circulation of roughly about 1000 crores, besides affecting stock market to some extent.The day following the strike day being Saturday and a National Holiday (26/01/2008) and the next day being Sunday,customers of the concerned banks were largely hit, since the ATMs of various banks could not meet the large demands of the public.
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