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Bank Employees Withdraw Strike from Monday After Late-Night Meeting
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News18•27-09-2026, 23:46
Bank Employees Withdraw Strike from Monday After Late-Night Meeting
- •Bank employees have withdrawn their strike called from Monday.
- •The decision came after a meeting between the Indian Banks Association (IBA) and the United Forum of Bank Unions (UFBU).
- •A high-level committee will be established to consider options for the Saturday holiday issue, aiming for a solution acceptable to all parties.
- •Discussions were held to propose changes to the PLI (Performance Linked Incentive) scheme for Scale IV and above officers.
- •The withdrawal averted the proposed 3-day bank strike, ensuring banks remain open.
Key Questions Answered
The bank strike was withdrawn following a late-night meeting between the Indian Banks Association (IBA) and the United Forum of Bank Unions (UFBU) where mutual agreement was reached on key issues.
A high-level committee will be established jointly by the Indian Banks Association and the United Forum of Bank Unions to evaluate potential options and find an acceptable solution for banks, employees, and customers.
In response to objections raised by the bank unions regarding the performance-based pay increase scheme for Scale IV and above officers, discussions will be initiated with the IBA to submit a proposal to the government for changes.
