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Home / Andhra Pradesh News / 2008 / January / January 25, 2008
Banking operations came to standstill
Banking in Andhra Pradesh

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Banking operations came to standstill

Transactions to the tune of Rs.50,000 crores stalled in the state

Hyderabad, January 25, 2008

In response to a call given by the United Forum of Bank Unions for a one-day strike, ordinary people had a hard time of it with all banks downing their shutters. The unions have been demanding revision of pension, dropping of plans to merge subsidiaries with the State Bank of India, and outsource work, restoration of compassionate appointments and settlement of wage revision.

Nearly 7,000 branches of various public sector banks in the twin cities were closed today. The strike took many customers by surprise and the difficulty was compounded by the ATMs running dry.

According to bank sources, transactions to the tune of nearly Rs.50,000 crore could not be carried out today as 6,000 branches of various banks across the State shut shop. The volume would reach Rs.2 lakh crore by Monday as Saturday and Sundays are holidays. Commercial operations across the country were affected due the one day strike by bank employees. However, business took place for private sector banks like ICICI and HDFC.

Andhra Pradesh on January 25, 2008

Banking operations came to standstill
Transactions to the tune of Rs.50,000 crores stalled in the state

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January 25 in History

Events and happenings on 25 January History

25 January 2001
Highlights: Chandrababu Naidu meets the Prime Minister

25 January 2002
Highlights: Governor chosen to receive Padma Vibhushan

25 January 2003
Highlights: Special Security at Parade Grounds for R Day

25 January 2004
Highlights: TDP plans to release draft manifesto

25 January 2005

25 January 2006
Highlights: YSR mother passed away

25 January 2007
Highlights: SEC issues notification for Corporations elections

25 January 2008
Highlights: Banking operations came to standstill

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