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Amid strike threat, Fin Secy Sanjay Lohia calls bank chiefs' meet to ensure services
- On Saturday, the State Bank of India issued an advisory urging customers to complete time-sensitive transactions before a proposed three-day nationwide bank strike called by the United Forum of Bank Unions from September 28 to 30.
- The UFBU, representing around 90 per cent of the banking workforce, is striking to press demands including a five-day banking week, improved pension benefits, and allowing employees to switch from the National Pension System to the Old Pension Scheme .
- Since the strike dates follow the weekend of September 26 and 27, customers could face banking service disruptions for several consecutive days; the unions previously observed a nationwide strike on September 11 to push for these same operational and pension-related goals.
- To maintain access, SBI advised customers to use digital channels like Internet Banking, YONO, UPI, and mobile banking, while also recommending ATMs, Automated Deposit and Withdrawal Machines , and Customer Service Points for essential cash requirements.
- Meanwhile, the Finance Ministry has called a meeting with chief executives of public sector banks and regional rural banks on Monday to discuss contingency measures ensuring continuity of essential customer services during the three-day strike.
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48 Articles
48 Articles
Bank strike from September 28: Banking services to remain affected, these banks issue advisory
The bank unions demand immediate implementation of a five-day work week, a proposal pending since the 2024 wage settlement. They also demand changes to the performance-linked incentive, which they claim was revised unilaterally and in a discriminatory manner.
·Noida, India
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Bank strike from September 28 to 30: SBI issues advisory, which banking services will be available?
Bank unions have called for a three-day nationwide strike from September 28 to 30, potentially affecting banking operations. Here is a list of SBI services that will remain available during the strike
·Chennai, India
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ABI Bank will be closed for five consecutive days. The bank will remain closed for the next week. Therefore, the bank has advised that if you have any urgent transactions, please complete them immediately.
Coverage Details
Total News Sources48
Leaning Left2Leaning Right7Center3Last UpdatedBias Distribution58% Right
Bias Distribution
- 58% of the sources lean Right
58% Right
L 17%
C 25%
R 58%
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