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▼ Bearish for Indian equities
Unions plan a three-day nationwide bank strike from September 28
The brief
- The strike is expected to affect public sector, old-generation private and regional rural banks
- Digital banking and services are also expected to be impacted
- Disrupted branch services may affect customers and operations at Indian public and private banks
- YES Bank shares fall 4% on Citi's negative watch; Axis Bank also in focus
- Rich turn to borrowing against private equity holdings as payouts slow
- Kotak Bank Share Price Live Updates: Kotak Bank Stock Details
- Axis Bank Share Price Live Updates: Axis Bank Faces a Small Drop in Market Value
- HDFC Bank Share Price Live Updates: HDFC Bank's Price Movement Signals Caution
Bank unions’ September strike and deferral
Bank unions planned a nationwide strike for September 28–30, seeking a five-day work week and pension reforms. The Centre and banks took steps to limit disruption, including early salary payments and Sunday banking; unions later deferred the strike after talks with the IBA.
Monday, 28 September
Sunday, 27 September
- Unions plan a three-day nationwide bank strike from September 28