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Amid strike threat, Fin Secy Sanjay Lohia calls bank chiefs' meet to ensure services

The ministry said the move will help protect customer services as the strike could disrupt banking for five consecutive days, officials said.

  • The United Forum of Bank Unions has announced a three-day nationwide strike from September 28 to 30, 2026, prompting major lenders including the State Bank of India to issue customer advisories urging advance completion of branch transactions.
  • Unions representing 90% of the banking workforce are pressing for a five-day banking week, a demand they claim was agreed upon in March 2024 but remains unfulfilled after failed conciliation talks on Tuesday.
  • To mitigate disruption, the Finance Ministry and Reserve Bank of India authorized all public sector banks and regional rural banks to remain fully operational on Sunday, September 27, ensuring customer access before the strike.
  • The strike coincides with the half-yearly closing of banking accounts on September 30, potentially creating five consecutive days of disruption for customers, businesses, and government transactions when combined with the weekend.
  • UFBU leaders have announced an indefinite nationwide strike beginning October 26 if demands remain unresolved after the three-day action, raising the stakes for resolution negotiations.
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Latestly broke the news in Mumbai, India on Saturday, September 19, 2026.
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