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Policy▼ Bearish for Indian equities
Three-day bank strike may disrupt branches around September 30 compliance deadlines
The brief
- Public sector bank branches are expected to face disruption during a three-day strike
- The strike overlaps with September 30 statutory and regulatory compliance deadlines
- Disrupted branch operations may affect public-sector bank customers and time-sensitive business payments
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- Are banks open today? Check the latest update on September 28-30 bank strike and bank holiday status on Monday
Bank unions’ September strike and deferral
Bank unions planned a nationwide strike for September 28–30, seeking a five-day work week and pension reforms. The Centre and banks took steps to limit disruption, including early salary payments and Sunday banking; unions later deferred the strike after talks with the IBA.
Friday, 25 September
- Three-day bank strike may disrupt branches around September 30 compliance deadlines