Indore Bank Strike Hits ₹2.57 Lakh Crore Transactions

A nationwide strike by public sector undertaking (PSU) banks on Friday brought banking operations to a halt in Indore, affecting transactions worth over ₹2.57 lakh crore. The strike, which was called by the United Forum of Bank Unions, saw approximately 650 out of 848 bank branches in the district shut down.

The strike was participated by around 4,000 bank employees across the state, who were protesting against the delay in approving a five-day work week agreement and the failure to resolve pending demands. The state convenor of the United Forum of Bank Unions, Mohan Krishna Shukla, stated that bankers were angered by the two-and-a-half-year delay in approving the agreement.

The strike had a significant impact on banking services across the country, with over 800,000 bank employees participating in the nationwide strike. All 12 public sector banks, 13 organised private sector banks, cooperative banks, and regional rural banks were affected, with banking services coming to a standstill.

In Indore, bank employees gathered outside the Bank of India at Santa Bazar and marched in a rally through Bohra Bazar and Sarafa to the State Bank of India on Prince Yeshwant Road, raising slogans in support of their demands. The rally was led by office bearers of the constituent unions, including Kanhaiya Patidar, Naveen Modi, Pankaj Porwal, Arvind Porwal, and Minesh Kasera.

The strike was notable for the significant participation of female bank employees, who registered their protest through rallies, demonstrations, and public meetings. Representatives from various bank-wise unions raised slogans vigorously, highlighting the urgency of their demands.

The United Forum of Bank Unions had called for the one-day strike to protest against the delay in approving the five-day work week agreement and the failure to resolve pending demands. The strike had a significant impact on banking services across the country, with transactions worth approximately ₹15 lakh crore being affected.

The strike highlights the growing discontent among bank employees, who are seeking better working conditions and resolution of pending demands. The impact of the strike was felt across the country, with banking services coming to a standstill.

In conclusion, the bank strike in Indore had a significant impact on banking services, affecting transactions worth over ₹2.57 lakh crore. The strike highlights the need for urgent attention to the demands of bank employees, who are seeking better working conditions and resolution of pending demands.