Bank Unions Call Nationwide Strike on September 11 over Pending Demands
- The United Forum of Bank Unions announced a nationwide strike on September 11, citing the government's 'negative attitude' toward demands including five-day banking, pension issues, and the performance-linked incentive scheme.
- Unions oppose the government's PLI scheme, which caps incentives at 15 days for Scale III employees while permitting up to 365 days for Scale IV officers, contradicting the IBA's March 8, 2024 five-day banking agreement.
- The PLI issue remains pending before the Chief Labour Commissioner and the Delhi High Court, yet the Department of Financial Services has directed banks to implement the scheme, which the UFBU alleges violates status quo obligations during conciliation.
- Banking services face potential disruption for four days in many regions, as September 11 falls on a Friday followed by two bank holidays and the Ganesh Chaturthi festival on September 14.
- The UFBU has threatened a three-day nationwide strike starting September 28 and an indefinite strike from October 26 if the government and bank management fail to address key demands.
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A nationwide bank strike could exacerbate hardships in September. Bank unions have raised demands such as 5-day banking, parity in PLI, pension updates, and the option to switch from NPS to OPS. If these demands are not met, the risk of a prolonged strike remains.
Bank unions threaten nationwide strike to press for 5-day banking
New Delhi: The United Forum of Bank Unions (UFBU) has decided to go on a nationwide strike on September 11 over the delay in implementing five-day banking, differences over the performance-linked incentive scheme, and several pending demands, including pension-related issues. If the strike materialises, banking services, especially in public sector banks, would be impacted for four days in many parts of the country. September 11 is a Friday, and…
Bank Strike on September 11: UFBU Calls Nationwide Protest Over 5-Day Banking and Pending Demands
The United Forum of Bank Unions has announced a nationwide strike on September 11 over delayed five-day banking, PLI disputes, and pension demands. The action could disrupt services for four days until September 14, followed by further strikes in late September and October. Scroll below to know more. Bank Strike on September 11: UFBU Calls Nationwide Protest Over 5-Day Banking and Pending Demands.
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