Stories
Bank Unions Defer Nationwide Strike After IBA Assurance on Demands
N
News18•27-09-2026, 23:45
Bank Unions Defer Nationwide Strike After IBA Assurance on Demands
- •Bank unions have deferred their three-day nationwide strike following assurances from the Indian Banks’ Association (IBA).
- •The strike, called by the United Forum of Bank Unions (UFBU), was scheduled to begin on Monday and coincided with half-yearly closing.
- •A high-level committee will be formed immediately by the IBA and UFBU to discuss declaring remaining Saturdays as holidays.
- •Discussions will also commence with the IBA regarding modifications to the PLI scheme for Scale IV and above officers.
- •All proposed agitational programs and strike actions have been deferred in light of these agreements.
Key Questions Answered
Bank unions deferred the nationwide strike following assurances and discussions with the Indian Banks' Association (IBA) regarding their key demands.
A high-level committee comprising the IBA and UFBU will be formed immediately to deliberate on declaring the remaining Saturdays as holidays, exploring alternatives, and consulting stakeholders.
Discussions will start with the IBA to propose modifications in the PLI scheme for Scale IV and above officers to the government, addressing the observations raised by the unions.
