Govt Orders Banks to Open on Sept 27 to Minimise Strike Disruption
What Happened
The Finance Ministry has announced that all Public Sector Banks and Regional Rural Banks will remain open on Sunday, September 27, after the United Forum of Bank Unions (UFBU) proposed a three-day nationwide bank strike from September 28-30. The Reserve Bank of India (RBI) has approved the operation of all bank branches, ATM-linked branches, offices and currency chests on that day.
Key Takeaways
The government is attempting to reduce inconvenience to customers ahead of the proposed strike by ensuring banking services remain available on the preceding Sunday. It has also urged unions to defer the strike while taking steps to keep essential banking services running.