• Source:JND

Stock Market Today: The country's largest public sector lender, SBI, on Friday advised customers to use alternative mediums for transactions after the PSU bank staff under the banner of the All India State Bank of India Staff Federation (AISBISF) threatened to hold a two-day nationwide strike beginning May 25 in the wake of various demands, including the recruitment of adequate employees.

If the strike materialises, it will affect SBI's banking operations for five days nationwide, as the fourth Saturday and Sunday fall before the strike date. And there will be a holiday in many States on account of Eid al-Adha on May 27--the day after the proposed strike ends.

Addressing the situation, the public sector bank requested its over 52 crore customers to use automated teller machines, customer service points, and prefer online banking services like YONO and UPI for transactions or banking-related services.

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What does SBI say?

The bank, which holds about a fifth of the share in the country's overall banking activities, said efforts are on to provide "essential services" in over 23,200 branches, as per a post on its handle on the micro-blogging platform 'X'.

The bank acknowledged that the All India State Bank of India Staff Federation has given a notice for a two-day strike starting May 25. 

"We sincerely regret any inconvenience caused," the post from SBI said.

Earlier, last week, the staff had threatened to strike to press for various demands, including the recruitment of adequate employees.

What Are The Demands? 

According to an AISBISF statement, the employees' demands include the appointment of messengers and armed guards, and the replacement of NPS employees with pension fund managers.

The association also demanded that the bank stop outsourcing permanent jobs, as this poses a direct risk of data leaks, misuse, fraud, and identity theft, which compromises customer trust and seriously impacts the bank's credibility and legal standing.

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Another demand relates to the appointment of a Labour Personnel Director on the board.

(With Inputs From PTI)


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