Bank strike losses in Agra pegged at Rs 400 crore in four days

The estimated loss in business from the four-day bank closure is being pegged at Rs 400 crore in Agra.

Though public sector bank (PSB) unions called for a two-day nationwide strike in protest against privatisation, banks remained closed for four days through the weekend till Tuesday. The estimated loss in business from the four-day bank closure is being pegged at Rs 400 crore in Agra. A senior staff member at the Bank of Baroda told India Today that the strike was called against privatisation of banks and labour laws. He said if the government's attitude remained the same, the protest could continue indefinitely. According to a market survey conducted by India Today, the claims made by banks to keep ATMs well stocked during the strike fell flat. ATMs were out of cash on Monday night and Tuesday morning. ATMs that were dispensing cash ran out of it by afternoon.