The strike was called by the United Forum of Bank Unions (UFBU), comprising nine unions. HERE'S WHAT YOU SHOULD KNOW:"Around 85,000 branches of commercial banks, 105,000 branches of co-operative bank and others are on strike," C.H. Venkatachalam, General Secretary, All India Bank Employees' Association (AIBEA) told IANS. Top private lenders -- ICICI Bank, HDFC Bank and Axis Bank -- are not part of the union and would continue to function normally but cheque clearances would not take place. ALSO READ | As demonetisation era ends, banks to levy cash transaction charge9 bank unions call for strike on Tuesday to protest govt's 'anti-people banking reforms'

Source: India Today February 28, 2017 05:03 UTC