Business · India Bureau
Public sector banks to open Sunday ahead of three-day strike action
The Reserve Bank of India has authorized the opening of all public sector bank branches and ATMs on Sunday to mitigate disruptions from a planned nationwide strike. The measure aims to prevent potential service interruptions affecting millions of customers across the country.
LSN India ·
The RBI has granted special approval for public sector banks (PSBs) to operate on September 27, a Sunday, to ensure continued banking services ahead of a three-day strike scheduled to commence the following week. The authorization covers all bank branches, offices, ATM-linked facilities, and currency chests across the nation, enabling customers to conduct essential banking transactions before operations face potential disruption.
The three-day strike action, which would have created a five-day service gap when combined with the regular weekend closure, prompted the regulatory intervention. By permitting Sunday operations, the RBI aims to provide a critical window for customers to complete urgent financial transactions and withdraw cash ahead of the stoppage.
Public sector banks have been directed to ensure adequate staffing and operational readiness on September 27 to handle anticipated customer traffic. The measure underscores efforts to protect banking system stability and minimize inconvenience to depositors, businesses, and the broader financial ecosystem during the industrial action.
Bank employees have called the strike to press various demands regarding working conditions and service expansion. Financial institutions have been preparing contingency arrangements to manage critical operations during the anticipated disruption period.