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Union Strike Cripples Bank Operations

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Our Banking Bureau BUSINESS STANDARD

The functioning of public sector banks (PSBs) was paralysed as central trade unions resorted to a one-day strike to protest the privatisation/disinvestment of profit-making and potentially viable public sector undertakings.

Nearly 10 lakh employees and officers from state-owed banks, insurance companies and financial institutions across the country struck work.

The Reserve Bank of India

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First Published: May 22 2003 | 12:00 AM IST

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