‘Resolve issues through dialogue’: Govt urges bank employees to call off Sept 28-30 stir
The finance ministry urged bank employees to resolve demands through dialogue. A three-day nationwide strike is planned from September 28 to 30. Unions seek a five-day banking week and withdrawal of the PLI scheme. The government has addressed most concerns and is examining remaining issues. Banks are preparing for potential disruptions and advising customers to use digital services.
The Indian finance ministry has urged bank employees to call off a strike scheduled for September 28-30 and instead resolve their remaining demands through dialogue. Most of the unions' concerns have reportedly already been addressed. The strike is prompted by demands for a five-day banking week and the withdrawal of the Performance Linked Incentive (PLI) scheme.
The government stated that the PLI scheme was put on hold earlier this month following discussions with unions, while the five-day workweek demand is still under examination. The government emphasized the importance of maintaining uninterrupted banking services, as the strike would coincide with the half-yearly closing of banks on September 30, a crucial period for reconciliation, provisioning, treasury, and market operations.
The proposed strike could disrupt customers, businesses, government transactions, and international banking operations. The finance ministry highlighted several measures taken to improve the working environment, transparency, and welfare of bank employees, including salary increases, new pay scales, enhanced medical insurance, and improved transfer and promotion processes.
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