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Policy● Neutral for SBI
SBI and other PSU banks waive ATM charges during September 28–30 strike
The brief
- PSU lenders waive ATM charges beyond free transaction limits during the three-day strike
- UPI, NEFT and RTGS services are expected to work during the strike
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- After a decade without dividends, This PSU bank is back with a 3.8% yield
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
- SBI and other PSU banks waive ATM charges during September 28–30 strike