CSB Bank's staff carry three-day strike from today; Stock trades flat

The strike begins on October 20, 2021, and is expected to continue till October 22, 2021.

Oct 20, 2021 11:10 IST India Infoline News Service

CSB Bank
CSB Bank has received a notice from unions proposing to go on a three days strike demanding resolution of certain issues in the Bank.

The strike begins on October 20, 2021, and is expected to continue till October 22, 2021.

In its regulatory filing, on Tuesday, CSB Bank said that the " Catholic Syrian Bank Officers’ Association (CSBOA), Catholic Syrian Bank Staff Association (CSBSA), Catholic Syrian Bank Staff Federation (CSBSF) and Catholic Syrian Bank Award Staff Union (CSBASU) have given notice that their members propose to go on strike on three days starting from October 20, 2021, to October 22, 2021, demanding resolution of certain issues in the Bank."

CSB Bank added, "In case the proposed strike materialises, employees and officers of the Bank belonging to the respective unions may partake in the same which may affect the normal functioning of the branches/ offices of the Bank at a minimum level as only 1/3 of the total workforce of the Bank is affiliated to various unions. Please note that the alternative and digital banking channels will continue to function normally."

At around 10.59 am, CSB Bank is trading at Rs306.55 per piece flat compared to the previous closing on Sensex. 

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