Earlier on December 26, 2018, nine bank unions or close to 1 million employees of various banks, including private lenders, had observed a one-day strike to protest against the proposed amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda.
During 2017-18, opening of new bank branches fell by over 25 per cent, as banks with high stress on their balance sheets undertook branch rationalisation, said the RBI
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