Unionized public bank workers across India decided to take a stand against the government’s proposed reforms which could have disastrous consequences for India’s banks. Nearly 1 million bank employees throughout the country participated in a one day strike today closing almost all of the country’s national banks and sending a clear message to the central government. The federal government’s plans to merge many of India’s banks and privatize the banking sector in order to increase the country’s competitiveness on global scale have led to massive backlash from banking unions, whose members largely believe that this course of action would lead to financial disaster and the collapse of many banks.
See "Banking operations paralysed due to nationwide strike", Indo-Asian News Service, Business Standard, July 29, 2016