Mass walkout at RBI disrupts clearing and settlement

rbi-tower

A mass walkout at the Reserve Bank of India (RBI) saw the majority of its 17,000 staff strike today (November 19), leading to "some interruptions" in the central bank's clearing and settlement operations.

Staff were protesting government plans they fear will "cripple" the central bank, according to a ‘United Forum of Reserve Bank Officers and Employees' incorporating four RBI workers' unions.

They object to proposals that would reduce the RBI's debt management functions, handing them to a new

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: