Banking services across India face significant disruptions today as employees at public sector banks launch a nationwide strike. The United Forum of Bank Unions is spearheading the protest to demand a five-day work week and improvements to pension schemes, including a transition from the National Pension System to the old pension scheme. Because the strike coincides with upcoming bank holidays and the weekend, operations may remain affected for up to four days in several regions.
Major institutions like the State Bank of India have alerted customers that branch services, including cash deposits and withdrawals, may be impacted despite efforts to maintain normal operations. Union leaders, including AIBOC general secretary Rupam Roy and NCBE general secretary L Chandrasekhar, stated that the agitation was necessary due to the lack of government commitment regarding their long-standing demands.
The unions have outlined a phased protest schedule, with a three-day strike planned for September 28 to 30. They have further warned that an indefinite strike could commence on October 26 if their grievances, which remain unresolved following conciliation meetings, are not addressed by the government and bank management.
