Nationwide Bharat Bandh Sparks Banking Uncertainty Amid Union Protests
A Bharat Bandh is being observed across the nation on Thursday, following a strike call by a joint forum of central trade unions. The protest targets the Centre's alleged anti-worker policies, with banking unions actively participating, leading to potential disruptions in financial services.
Banking Operations Face Disruption During Strike
Amid the Bharat Bandh, uncertainty looms over banking operations, as customers in various cities are unsure whether branches will function normally. Several bank unions have aligned with the strike call, raising concerns about service availability.
Will banks remain open today? While banks are not officially closed, services might face significant disruptions. Major institutions, including the State Bank of India, Bank of Baroda, and UCO Bank, have notified the Bombay Stock Exchange about potential impacts during the strike.
- Bank of Baroda informed customers through a BSE filing that it is preparing for normal operations, but branch services could be affected if the strike materializes.
- State Bank of India noted that necessary arrangements have been made to ensure normal functioning, but work in branches and offices may be impacted to a limited extent.
- UCO Bank made similar statements, indicating steps are being taken for smooth operations, but branch functioning could be affected.
For customers planning transactions on February 12, it is advisable to plan in advance to avoid inconvenience due to possible service limitations.
Major Bank Unions Join Forces in Protest
Key bank unions, such as the All India Bank Employees' Association, All India Bank Officers Association, and Bank Employees Federation of India, have joined forces with 10 central trade unions for this agitation. They have raised serious concerns over the new labor codes, alleging that the reforms are unfavourable to workers and could impose restrictive measures on trade union registration.
The protest coincides with ongoing campaigns by bank associations for improved working conditions. A prominent demand includes the implementation of a five-day work week to enhance work-life balance for employees, which has been long-pending.
Widespread Support from Various Sectors
Over 10 central trade unions called for the nationwide Bharat Bandh to protest what they describe as anti-worker, anti-farmer, and anti-national pro-corporate policies of the central government. The strike has garnered support from farmer organizations and other groups across multiple sectors.
Trade unions estimate that nearly 30 crore workers from various industries are likely to participate in the agitation. The Samyukt Kisan Morcha has urged farmers to join trade union workers to ensure the success of the all-India general strike, highlighting the broad-based nature of the protest.
