Banking services across India were disrupted as nearly 8 lakh public sector bank employees joined a nationwide strike called by the United Forum of Bank Unions (UFBU), demanding immediate implementation of a five-day work week. The unions argue that five-day banking is essential for employee wellbeing and sustainable services.
Monitoring would be much more effective since they would become part of the bank and come under the direct control of the management of the sponsor banks.
The 94-year-old Lakshmi Vilas Bank (LVB) was profitable for 90 years and that the bank has been incurring losses for the past three years only, the association said
