Banks advise customers to complete essential transactions ahead of 3-day strike
The UFBU deferred the shutdown after agreeing with the Indian Banks' Association to form a committee on Saturdays and other unresolved demands.
- On Sunday, the United Forum of Bank Unions deferred its planned three-day nationwide strike after reaching an understanding with the Indian Banks' Association on pending demands.
- Both parties agreed to immediately form a high-level committee to deliberate on declaring remaining Saturdays as holidays, exploring alternatives acceptable to all stakeholders and customers.
- Unions have long pressed for a five-day work week, improved pension benefits, and an option for employees under the National Pension System to switch to the Old Pension Scheme .
- To mitigate disruptions, the State Bank of India advised customers to use digital channels; branches remained open on Sunday ahead of the originally scheduled strike.
- Despite the deferral, the UFBU has threatened an indefinite strike beginning October 26 if demands remain unresolved, while the Finance Ministry appealed for dialogue, saying most concerns were substantially addressed.
74 Articles
74 Articles
Bank Strike Shock: 3-Day Nationwide Shutdown Postponed At Last Minute - What's Changed?
The nationwide bank strike scheduled to begin on Monday, September 28, has been postponed following talks between bank unions and the Indian Banks' Association (IBA). The United Forum of Bank Unions (UFBU) announced the decision on Sunday night after
Bank Strike Deferred: UFBU, IBA reach late-night understanding; 5-day work week, PLI issues to be reviewed
NEW DELHI: The United Forum of Bank Unions (UFBU) has deferred its proposed three-day nationwide bank strike after reaching an understanding with the Indian Banks’ Association (IBA) during a late-night meeting on September 27. The strike was scheduled to begin on September 28 and could have affected banking operations across the country. The decision to defer the agitation came after representatives of the UFBU met the IBA at around 9:30 pm on S…
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