Home / Business and Economy / MP Banks Strike: Rs 3,447 Crore Business Lost
MP Banks Strike: Rs 3,447 Crore Business Lost
27 Jan
Summary
- Nearly 7,000 bank branches in Madhya Pradesh ceased operations Tuesday.
- A nationwide strike by bank unions affected business worth Rs 3,447 crore.
- Employees are demanding the implementation of a five-day working week.
Operations at approximately 7,000 bank branches in Madhya Pradesh were suspended on Tuesday, January 27, 2026, due to a nationwide strike. This industrial action, organized by the United Forum of Bank Unions (UFBU), significantly disrupted banking services and affected an estimated Rs 3,447 crore in business.
The primary demand of the striking employees and officers is the immediate implementation of a five-day working week. They argue that since many central and state government offices, as well as other institutions, observe a five-day schedule, banking sector employees should also benefit from this arrangement.
This strike, following weekend holidays and Republic Day on January 26, resulted in a three-day service disruption for customers. The impact was widespread, affecting critical banking functions such as cash deposits and withdrawals, check processing, fixed deposit renewals, and essential government treasury work.
