Government forms crisis management group to tackle bank strikes and ensure continuity
crisis management group to deal with nationwide strikes by public sector bank employees. Apart from managing exigencies of strikes lasting three days or more, the group will work with banks to strengthen their standard operating procedures (SOPs) for ensuring business continuity, said a senior government official.
The All India Bank Officers’ Confederation has threatened to go on a nationwide strike on February 24-25. A steering committee, including state-run banks and private lender IDBI Bank, has been set up.
“The group has been formed to insulate the banking system against all uncertainties, including strikes,” said the official, who did not wish to be identified, adding that the move was not specifically related to the announcement regarding the proposed February strike.
A bank executive said on the condition of anonymity, “There is a crisis management plan (CMP) and this new steering committee will also interact with individual banks to formulate SOPs based on their geographical presence and other critical installations.”
Crisis management plan for nationwide bank strikes
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