India
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UFBU strike closes public sector bank branches
The Hindu··11 Sept
Banking services at public sector banks were impacted on Friday after the United Forum of Bank Unions called a nationwide strike for a five-day workweek. The UFBU represents seven unions covering 90 percent of officer and employee strength. Most PSB branches were fully or partly closed. Private banks were unaffected. Digital services including UPI and internet banking remained functional.
Prism
What It Means For You
- Cash deposits, withdrawals, cheque clearances and branch desk work were disrupted at many public sector banks on Friday.
- UPI and internet banking continued to work during the strike, according to the reports.
- SBI told customers that branch work may still be impacted even where contingency arrangements were made.
What's Happening
- UFBU called the strike to press for immediate implementation of a five-day workweek and pending wage issues.
- AIBEA general secretary C. H. Venkatachalam said the government did not agree to the demand, so the strike went ahead.
- Most public sector banks had already warned customers that operations could be affected on the strike day.
Who Called The Strike
- The UFBU is an umbrella body of seven unions that say they represent 90 percent of officer and employee strength.
- Private sector banks continued to function and were not covered by the strike call.
- Some older private banks also saw branch services hit, alongside public sector banks.
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