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Bank Strike Called Off: Banks Open Monday, Relief for Customers!
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News18•28-09-2026, 00:06
Bank Strike Called Off: Banks Open Monday, Relief for Customers!
- •The United Forum of Bank Unions (UFBU) has withdrawn its proposed three-day bank strike.
- •The decision followed an emergency meeting with the Indian Banks Association (IBA) where assurances were given on key demands.
- •A high-level committee will be formed to explore keeping banks open for 5 days a week.
- •Assurances were also given to review the implementation of performance-linked incentives.
- •The committee will address implementing all Saturdays as holidays without disrupting customer interests.
Key Questions Answered
The UFBU withdrew the strike after receiving assurances from the Indian Banks Association (IBA) during an emergency meeting to form a high-level committee addressing their key demands.
The high-level committee was promised to examine implementing 5-day banking by declaring all Saturdays as holidays without disrupting customer interests, and to review performance-linked incentives.
The emergency meeting was held between representatives of the Indian Banks Association (IBA) and the United Forum of Bank Unions (UFBU).
