Banks will remain open from September 28 to 30 after the UFBU deferred its three-day strike following talks with the IBA on five-day banking, the PLI scheme and other pending issues
IBA and UFBU will form a high-level committee to deliberate on declaring the remaining Saturdays as bank holidays and explore alternatives acceptable to stakeholders
Employee unions at RBI supported the strike call and objected to RBI asking banks to remain open on Sunday
The RBI has allowed all bank branches, offices, ATM-linked branches and currency chests to remain open on September 27 to avoid a possible five-day disruption
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Rotation of staff can be considered
All banks, including Regional Rural Banks, will remain open on Sunday for the convenience of customers in view of a strike called by the United Forum of Bank Unions (UFBU), the finance ministry said in a statement on Wednesday. The UFBU, which claims to represent 90 per cent of the banking workforce, is set to go on a three-day strike beginning September 28, primarily seeking a 5-day banking week, among other demands. The strike, if it materialises, would coincide with the half-yearly closing of the banking sector. In view of the proposed three-day nationwide bank strike called by the UFBU from September 28 to 30, 2026, following the weekend holidays on September 26 and 27, the government has taken proactive steps to ensure the banking services needs of citizens, the statement said. "In order to ensure that the genuine banking needs of the public are not adversely affected for an extended period, all Public Sector Banks and Regional Rural Banks will function normally on Sunday, the
Unions will strike from September 28 to 30 after talks failed to resolve their demand for a five-day banking week; an indefinite strike is planned from October 26
The finance ministry warned that the September 28-30 strike, combined with the preceding weekend, could effectively disrupt banking services for five consecutive days
The finance ministry will meet chiefs of PSBs, RRBs, IBA and Nabard to review contingency plans ahead of the three-day nationwide bank strike from September 28
The Finance Ministry has called a meeting of chief executives of public sector banks and regional rural banks on Monday to discuss measures to ensure continuity of banking operations and essential customer services during the three-day strike called by the United Forum of Bank Unions to press for 5-day banking and other demands. The bank unions have called a 3-day nationwide strike beginning September 28, which may impact banking services for five days as the weekend before September 28 is a holiday. This strike, if it materialises, would coincide with the half-yearly closing of the banking sector. Bank unions under UFBU had gone on nationwide strike on September 11 over their demand. The Department of Financial Services (DFS) Secretary will chair a meeting on Monday of chief executives of public sector banks (PSBs) and regional rural banks (RRBs) to discuss measures to ensure continuity of banking operations and essential customer services during the strike period, according to a .
Branch-level operations at public sector banks were hit across several states, affecting cash transactions and cheque clearances, while digital banking services remained available
Bank branches may face disruption as UFBU's nationwide strike coincides with the second Saturday and Sunday holidays, with some states also observing Ganesh Chaturthi holidays on September 14 and 15
SBI has advised customers to complete important transactions before September 11 and use ATMs, customer service points and digital banking channels during the strike
The September 11 strike is the first in a series of nationwide strikes, with bank unions also calling a three-day strike on September 28, 29 and 30 and an indefinite nationwide strike from October 26.
The UFBU has called strikes on September 11, September 28-30 and an indefinite strike from October 26 over demands including a five-day working week and incentives
The United Forum of Bank Unions (UFBU) has decided to go on a nationwide strike on September 11 over the delay in implementing five-day banking, differences over the performance-linked incentive scheme, and several pending demands, including pension-related issues. If the strike materialises, banking services, especially in public sector banks, would be impacted for four days in many parts of the country. September 11 is a Friday, and the subsequent two days are bank holidays. September 14 is a holiday in some states for Ganesh Chaturthi. UFBU, an umbrella body of nine bank employees' and officers' unions, has also threatened a three-day subsequent nationwide strike beginning September 28, coinciding with the half-yearly closure. They have also decided to go on an indefinite strike from October 26 onwards if their demands fall on deaf ears of the government and bank management. The decision was taken at a meeting held on Sunday, following what the unions described as the governme
Demanded five-day work week including all Saturdays
Banking operations at public sector banks across the country were impacted on Tuesday as the United Forum of Bank Unions (UFBU) went on nationwide strike demanding the immediate implementation of a five-day work week. The strike call by the UFBU, an umbrella body of nine unions representing officers and employees, comes after a conciliation meeting with the Chief Labour Commissioner on January 23 failed to yield a positive outcome. "Since there was no positive outcome and the government did not agree to our demand, hence this strike is forced on us. Bank employees and officers are highly aggrieved that they alone are being discriminated against," All India Bank Employees Association (AIBEA), a constituent of UFBU, general secretary C H Venkatachalam told PTI. Most branches of public sector banks across the country were either completely closed or partially closed as both employees and officers were observing Tuesday's strike. Services such as cash deposits, withdrawals, cheque ...
Is bank holiday today: The United Forum of Bank Unions (UFBU) has called an all-India bank strike today, January 27, which may disrupt services at public sector banks such as SBI and PNB