Banking shall continue to be treated as a public utility service

The Central Government vide circular dated 14th December, 2023 has, satisfied that public interest so requires the same, has declared the services engaged in the Banking industry to be a public utility service for the purposes of the Industrial Disputes Act.

The Banking industry shall be a public utility service for the purposes of the Industrial Disputes Act for a period of six months with effect from the 15th December, 2023.

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