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The finance ministry urged bank employees to resolve demands through dialogue. A three-day nationwide strike is planned from September 28 to 30. Unions seek a five-day banking week and withdrawal of the PLI scheme. The government has addressed most concerns and is examining remaining issues. Banks are preparing for potential disruptions and advising customers to use digital services.from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/J3UoGlR
Gadkari launched the facility at the Global Fintech Fest 2026 in Mumbai. The initiative is intended to give FASTag users more flexibility in choosing their issuer bank and make the process of switching banks simpler.
The proposed strike comes immediately after the weekend. September 26 is the second Saturday of the month and is a bank holiday, while September 27, 2026, falls on a Sunday.
India anticipates 6.5-7 percent real GDP growth this fiscal year. Bank credit expansion signals strong economic momentum and business activity. Domestic demand remains firm, evidenced by rising GST and power consumption. Corporate earnings growth is projected to accelerate to seventeen percent. Energy price risks persist, though India diversifies its crude oil sources.
