labels: banks & institutions
Strike hampers RBI clearing operationsnews
Our Banking Bureau
26 February 2004

Mumbai: The Reserve Bank of India's (RBI) clearing operations were hampered due to the nation wide bank strike observed yesterday.

Thirty-three banks out of the 113 members of RBI's clearing house refused to participate in clearing operations on Tuesday, leading to a fall in the volumes transacted at Rs 1,500 crore as against normal volumes to the tune of Rs 3,000 crore. Only 61 banks participated yesterday and 2,340 instruments were cleared.


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Strike hampers RBI clearing operations