ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

One million Indian bank workers strike against privatization

Financial services come to a halt as unions expect job losses and pay cuts

Bank employees protest in New Delhi on March 16 as part of a two-day nationwide strike against plans to privatize public sector banks.   © Reuters

MUMBAI -- Union workers at India's state-owned banks walked off their jobs for a second day in a row Tuesday to protest the government's privatization efforts, halting financial services across the country.

About 1 million people represented by nine unions took part on the first day, the organizers said. In the Indian financial capital of Mumbai, almost all operations have been suspended at the State Bank of India and other public sector banks.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more