Amid strike threat, Fin Secy Sanjay Lohia calls bank chiefs' meet to ensure services
The ministry urged banks to prepare contingency plans and keep essential services running as unions press for a five-day banking week.
- From September 28 to 30, 2026, the United Forum of Bank Unions will hold a three-day nationwide strike after conciliation meetings failed to resolve demands. This follows weekend holidays, creating potential for five consecutive days of service disruption.
- Representing around 90% of the banking workforce, the UFBU seeks immediate implementation of a five-day banking week pending since the 2024 wage settlement. Additional demands include pension updates, a uniform dearness allowance formula, and an option to switch from the National Pension System to the Old Pension Scheme .
- To mitigate service gaps, the Ministry of Finance directed all Public Sector Banks and Regional Rural Banks to operate normally on Sunday, September 27. Banks urged customers to complete branch transactions in advance and use digital channels including UPI, mobile banking, and ATMs.
- Coinciding with the half-yearly closing on September 30, the strike threatens treasury and market operations during a sensitive financial period. While physical branch services face disruption, digital facilities and automated machines will remain available for routine customer transactions.
- Negotiations remain stalled, with the UFBU warning of an indefinite strike starting October 26 if demands remain unaddressed. The government kept the performance-linked incentive scheme in abeyance but has yet to provide a timeline for the five-day banking week proposal.
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83 Articles
Banks to remain open on Sunday in view of three day strike
New Delhi: All banks, including Regional Rural Banks, will remain open on Sunday, September 27, for the convenience of customers in view of a strike called by the United Forum of Bank Unions (UFBU), the finance ministry said in a statement on Wednesday. The UFBU, which claims to represent 90 per cent of the banking … Get the latest updates in Hyderabad City News, Technology, Entertainment, Sports, Politics and Top Stories on WhatsApp & Telegram …
Banks to remain closed for 5 days from September 26 as unions call strike
Bank unions plan a three-day strike from September 28, potentially disrupting operations for five days. Demands include a five-day week and pension.bank strike, banking operations disruption, five-day working week, United Forum of Bank Unions, bank employee demands, pension benefits, performance-linked incentive, old pension scheme, national pension system, Mumbai banking, nationwide bank strike, wage settlement, bank union strike, September ban…
Bank strike Sept 28-30: Which services may be affected and what customers should do
Bank unions have kept their September 28-30 strike call in place over the five-day banking demand. With September 30 marking half-yearly closing, customers have been advised to finish branch work early and use digital channels.
Banks brace for 5-day disruption from September 26; SBI, Indian Bank issue advisories - The Tribune
Ahead of a three-day nationwide strike by bank unions in support of their demand for a five-day work week and withdrawal of the Performance Linked Incentive (PLI) scheme, public sector undertakings State Bank of India (SBI) and Indian Bank have issued advisories asking customers to complete important transactions in advance.
Greater Kashmir
The PrintBank unions to go ahead with 3-day nationwide strike from Sep 28
United Forum of Bank Unions (UFBU) has said they would go ahead with the three-day nationwide strike beginning September 28, as a conciliation meeting before the Deputy Chief Labour Commissioner on Tuesday remained inconclusive. The conciliation meeting was held a day after the Finance Ministry appealed to bank employees to refrain from resorting to strikes and resolve their remaining demands through dialogue. UFBU, which claims to represent 90 …
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