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Bank Strike Postponed: 3-Day Nationwide Strike Deferred After Assurances from IBA
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CNBC Awaaz•28-09-2026, 07:32
Bank Strike Postponed: 3-Day Nationwide Strike Deferred After Assurances from IBA
- •The three-day nationwide bank strike, scheduled from September 28-30, has been postponed.
- •The United Forum of Bank Unions (UFBU) deferred the strike following assurances from the Indian Banks' Association (IBA) on key demands.
- •A high-level committee will be formed by IBA and unions to discuss declaring all Saturdays as holidays.
- •Discussions will also address performance-based incentives for senior officers (Scale IV and above) and other pending issues.
- •The strike was initially called to demand a five-day banking week, filling vacant positions, and resolving pension-related matters.
Key Questions Answered
The United Forum of Bank Unions decided to defer the three-day strike after receiving assurances from the Indian Banks' Association on key demands, such as implementing a five-day banking week.
A high-level committee will be immediately formed by the Indian Banks' Association and the unions to discuss declaring the remaining Saturdays as holidays, considering all options to find a solution acceptable to all parties.
A survey by LocalCircles involving over 1.14 lakh responses across 307 districts found that 53 percent of banking users experienced delays or difficulties accessing their money at least once in the past three years.
