Public sector lenders are set to go for strike on July 07, 2011 in protest against the government's idea to dilute its stake in PSBs. Banking authorities have started working on ways to control the situation so that normal banking operations doesnt get affected by the strike.

"The bank is taking all necessary steps in terms of the existing guidelines for smooth functioning of bank's branches and offices to deal with the strike," said Dena Bank in response to the measures it would be taking regarding the strike.

While Union Bank of India said that it was presently assessing the situation, Punjab & Sind Bank said the strike is not expected to hamper its operations majorly.

According to AIBEA Secretary Vishwas Utangi, the strike has been supported by employees of private and foreign lenders too.