A major disruption could hit Punjab’s cooperative banking sector as the Co-operative Bank Employees Federation, State of Punjab, has announced an indefinite strike from July 28, 2026, opposing the state government’s proposal to absorb employees of the Primary Agricultural Development Banks (PADBs) and State Agricultural Development Bank (SADB) into the District Central Cooperative Banks (DCCBs) and the Punjab State Cooperative Bank (PSCB).
In a notice served to the PSCB Managing Director, the Federation alleged that despite repeated objections and representations since February this year, the government was proceeding with the proposal without addressing its financial, legal and administrative implications.
The Federation warned that cooperative banks, already facing financial constraints, cannot shoulder the additional burden of higher salaries, pensions and service liabilities of PADB/SADB employees. It also flagged unresolved issues relating to recruitment rules, seniority, promotions and statutory compliance.
Along with the strike, the Federation has announced a Maha Rally on July 29 outside the office of the Registrar, Cooperative Societies, Punjab, in Chandigarh.
It has also demanded removal of the operating profit condition for the 6th Pay Commission benefits, rectification of pay anomalies, release of pending salary arrears and immediate promotions. The Federation said the strike would continue until the proposed absorption plan is withdrawn.
