Tension grips India’s public banking arena as unions announce a full-scale strike for February 12, threatening to paralyze services nationwide. Bank of Baroda broke the news via mandatory exchange filing, preparing stakeholders for turbulence.
AIBEA, AIBOA, and BEFI form the strike’s core, railing against four contentious labor codes that allegedly overload employees. The unified front aims to force policy reconsiderations through collective action.
Mitigation steps are in place at Baroda branches, yet disruptions loom large. Expect ripple effects at SBI, PNB, and fellow PSBs where union membership runs deep.
Private banks stand apart: HDFC, ICICI, Axis, RBL, and IDFC First vow seamless service. RBI’s silence on holidays reinforces normalcy elsewhere.
Building on UFBU’s January 27 strike—triggered by impasse on five-day weeks post-January 23 talks—this escalation highlights chronic labor frictions. The nine-union alliance champions public bankers’ cause relentlessly.
In an era of fintech dominance, such events spotlight vulnerabilities in traditional banking. Urge: Front-load transactions, monitor updates, and explore alternatives to navigate the impending shake-up effectively.