Banking services in Madhya Pradesh hit as 40,000 employees join strike (Image for representation only) PSU Watch
News Updates

Banking services in Madhya Pradesh hit as 40,000 employees join strike

Banking services in Madhya Pradesh were affected as around 40,000 PSB employees participated in a strike called by trade union

PSU Watch

Indore: Banking services in Madhya Pradesh were affected on Wednesday as around 40,000 employees of public sector and regional rural banks across 8,700 branches participated in a strike called by trade unions, an association leader said. Normal life in Indore, the commercial capital of the state, remained unimpacted. Public transport and essential services were also not affected.

PSU Watch is now on Whatsapp Channels. Click here to join

A forum of 10 central trade unions has called for a strike for various demands including doing away with the four labour codes, privatisation of PSUs, increasing minimum wages to Rs 26,000 per month, as well as the demands of farmer organisations for MSP for crops based on Swaminathan commission's formula of C2 plus 50 per cent, and loan waiver.

"Around 40,000 employees in about 8,700 bank branches across the state joined the strike. They include staff of 11 public sector banks and some regional rural banks (RRBs)," Madhya Pradesh Bank Employees Association (MPBEA) chairman Mohankrishna Shukla told PTI.

He said the strike affected deposit and withdrawal operations and other services, including cheque settlement, renewal of fixed deposit (FD) schemes, and work related to the government treasury.

Shukla opposed privatisation and disinvestment of public sector banks and demanded immediate recruitment to fill pending vacancies in banks.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Indian Oil officers elect new IOOA leadership ahead of PRC talks, operational challenges

DRDO successfully flight-tests man-portable anti-tank guided missile with top-attack capability

From Digital Divide to Intelligent Villages: BharatNet's Rural Revolution Accelerates

Indian Oil, Maruti Suzuki sign MoU to set up car service facilities at fuel stations

HAL-sponsored mountaineer Aritra Roy summits Mt. Aconcagua in solo expedition