Banking Industry Public Utility Status Extended for 6 Months

On 9th June 2025, the Ministry of Labour and Employment has issued a fresh notification extending the Banking industry’s status as a Public Utility Service under the Industrial Disputes Act, 1947 for another six months, starting from 15th June 2025.

  • The Banking industry is listed under Item 2 of the First Schedule to the Industrial Disputes Act, 1947.
  • Previously, the industry was declared a public utility service for six months starting 15th December 2024, via notification S.O. 5362(E) dated 11th December 2024.
  • The new notification extends this status for another six months, from 15th June 2025 to 15th December 2025.
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