Around 700,000 employees and officers of the public sector, private sector and foreign banks will strike work.
AIBEA claimed that around 10 lakh employees and officers all over the country are participating in the strike.
The Government is also examining the possibility of creating a financial holding company which will raise resources to meet the capital requirements of PSBs.
Bank unions will strike to protest against proposed banking sector reforms and wage related issues.
The scam which cost Rs 70,000 crore to the state exchequer, is likely to hit the banking sector as well.
Bank staff opposing the merger and consolidation of public sector banks.
Tata Motors wants to pave the way for Nano's entry into tier 1 and tier 2 towns.
Interest rates in double digits by most banks comes as a breather.
The smaller PSU banks however may find it difficult to follow SBI'e lead.
High EMIs continue and transfer of loans to cheaper rates looks tough.
Public sector banks are now more confident in lending to the minorities
FM asked banks to reduce interest rates to bring in more liquidity.
Employees seek pay revision and are protesting against merger.
Day-long banks strike affects ATMs, cash and cheque transactions.