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Source: Economic Times
Bank strike hits 7,000 MP branches, association says
A nationwide bank strike disrupted operations at around 7,000 branches in Madhya Pradesh, according to an association. It said daily business of about Rs 5,500 crore was affected.
Banking work across Madhya Pradesh came to a halt as employees joined the nationwide stoppage. The association’s figures describe the scale of disruption in the state, rather than the impact across India. The supplied report does not name the association behind the estimate.
A five-day working week was among the employees’ main demands. They also sought better pension benefits, placing both working arrangements and retirement-related concerns at the centre of the protest. The report does not provide the detailed changes employees wanted in pension benefits.
The demands also covered uniform dearness allowance and an option relating to the National Pension System, or NPS. However, the report does not explain how either proposal would work, which employees would be covered, or what terms were being sought.
The Rs 5,500 crore figure refers to business affected by the stoppage; it should not be read as a confirmed financial loss. The report does not give a service-by-service breakdown of the disruption or state whether any agreement was reached on the demands.
