Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

India’s public sector banks to open Sunday to ease strike disruption

Banks to stay open on Sunday as govt seeks to minimise disruption due to strike

India’s public sector banks to open Sunday to ease strike disruption

India's public sector banks have been directed to remain operational on Sunday, September 27, to avoid disruptions caused by a proposed three-day nationwide strike by bank staff from September 28 to 30. The Reserve Bank of India has given permission for all bank branches, offices, ATM-link branches, and Currency Chests to stay open on the proposed strike day.

The Finance Ministry stated that the government has taken steps to protect citizens' banking needs, reducing potential disruption that would have occurred over five days had the strike fallen on consecutive weekends. The strike was called by the United Forum of Bank Unions (UFBU) and certain other unions in support of their demands for a five-day banking week and the withdrawal of a Performance Linked Incentive (PLI) scheme.

The government has prioritized the welfare and convenience of bank customers, appealing to unions to postpone the strike and urging bank employees to resolve issues through dialogue and maintain uninterrupted banking services.

Written by urgent.news from Gulf News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at gulfnews.com →

More in Finance & Markets

More from Thursday 24 September →