India: Bank staff not paid over demonetisation threaten action
05 Oct 2017

Bank employees who worked long hours during demonetisation say they have not been paid the money due to them for working overtime. Now a section of their unions has threatened to sue the banks and go on strike if they don’t get the cash soon.

Bank staff had worked till late in the night and on holidays in the weeks after Prime Minister Narendra Modi announced the ban on Rs. 1,000 and Rs. 500 currency notes on November 8 last year. That decision sucked out 86 per cent of currency notes in one go, leading to serpentine queues of people spilling out of banks.

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