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Bank Strike Postponed: Operations Normal Monday After Unions Defer Bandh
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News18•27-09-2026, 23:47
Bank Strike Postponed: Operations Normal Monday After Unions Defer Bandh
- •Bank unions deferred a three-day nationwide strike after a late-night meeting with the Indian Banks’ Association (IBA).
- •An IBA-UFBU committee will be formed to examine the demand for declaring all remaining Saturdays as holidays.
- •Discussions will also begin on the Performance Linked Incentive (PLI) scheme for Scale IV and above officers.
- •The strike, scheduled for September 28-30, would have affected physical banking services like cheque clearance and cash transactions.
- •The unions' key demands include a five-day banking week and issues related to pension benefits and dearness allowance.
Key Questions Answered
The nationwide bank strike was deferred after a late-night meeting between the United Forum of Bank Unions and the Indian Banks' Association, where both sides agreed to form a high-level committee to examine the demand for declaring all remaining Saturdays as holidays.
Banking operations will run normally on Monday because the unions agreed to defer their planned three-day agitation and strike action.
The primary demands of the bank unions include a five-day banking week, pension benefits, dearness allowance for pensioners, and an option for employees under the National Pension System to switch to the Old Pension Scheme.
