Labour Code Advisor

Ministry of Labour and Employment

Industrial Relations Code, 2020 →

Banking and Industry

Ministry of Labour and Employment published this gazette notification (Gazette ID: CG-DL-E-15122025-268518) on 15 December 2025, filed under Extra Ordinary, related to the Industrial Relations Code, 2020. The purpose of this notification is to bring the banking industry under the purview of the Industrial Disputes Act to ensure uninterrupted delivery of essential financial services to the public.

Issue Date
Published
Gazette ID CG-DL-E-15122025-268518
Category Extra Ordinary
Part & Section Part II-Section 3-Sub-Section (ii)
Related Code Industrial Relations Code, 2020
Download PDF View Original on egazette.gov.in
Statutory Compliance Summary

Action Required

Employers in the banking industry must ensure compliance with the Industrial Disputes Act and establish necessary procedures for resolving industrial disputes. They should also review and update their HR policies and procedures to align with the requirements of the Act.

Target Roles:
HR DirectorCompliance OfficerEmployer
Industries Impacted:
BankingFinanceService Sector

Statutory Penalty Risk

Penalty under Section 31 of the Industrial Disputes Act, 1947

Statutes & Rules Amended

  • Industrial Disputes Act, 1947

Purpose

The purpose of this notification is to bring the banking industry under the purview of the Industrial Disputes Act to ensure uninterrupted delivery of essential financial services to the public.

Summary

The Ministry of Labour and Employment has declared the banking industry as a public utility service under the Industrial Disputes Act, which implies that any industrial disputes in this sector will be governed by the provisions of this Act. This declaration aims to maintain continuity and stability in essential services provided by the banking industry.

Frequently Asked Questions

Which ministry issued this gazette notification (CG-DL-E-15122025-268518)?
Ministry of Labour and Employment issued this notification, published on 15-Dec-2025.
What is Gazette Notification CG-DL-E-15122025-268518 about?
The purpose of this notification is to bring the banking industry under the purview of the Industrial Disputes Act to ensure uninterrupted delivery of essential financial services to the public.
Where can I find the official PDF for this notification?
The official gazette PDF is published on egazette.gov.in. An archived copy is also available for download directly from this page, in case the official portal is temporarily unavailable.
Which Labour Code does this notification relate to?
This notification relates to the Industrial Relations Code, 2020.
What compliance action is required under Gazette Notification CG-DL-E-15122025-268518?
Employers in the banking industry must ensure compliance with the Industrial Disputes Act and establish necessary procedures for resolving industrial disputes. They should also review and update their HR policies and procedures to align with the requirements of the Act. No specific compliance deadline is specified in this notification.
Who is impacted by Gazette Notification CG-DL-E-15122025-268518?
This notification primarily targets HR Director, Compliance Officer, Employer across the Banking, Finance, Service Sector sector(s).
What are the statutory penalties for non-compliance with Gazette Notification CG-DL-E-15122025-268518?
Non-compliance with the provisions of this notification may attract: Penalty under Section 31 of the Industrial Disputes Act, 1947.

Source: egazette.gov.in ·