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BANK STRIKE DEFERRED! 5-DAY BANKING WEEK TALKS TO CONTINUE

BANK STRIKE DEFERRED! 5-DAY BANKING WEEK TALKS TO CONTINUE

The proposed three-day nationwide bank strike from September 28 to 30 has been deferred after the United Forum of Bank Unions (UFBU) and the Indian Banks’ Association (IBA) reached an understanding on September 27.

The key issue behind the strike was the long-pending demand for a five-day banking week, with Saturdays and Sundays as holidays. A high-level committee will now examine the demand and consult relevant stakeholders.

  • 🏦 Strike Dates: September 28–30
  • ✅ Latest Update: Strike deferred
  • 📅 Main Demand: Five-day banking week
  • 🤝 IBA + UFBU: Agreed to continue discussions
  • 💻 Digital Services: UPI, mobile & internet banking continue as usual

With the strike deferred, bank branches are expected to function normally, while discussions on the five-day banking week will continue. The development also avoids potential disruption during the September 30 half-yearly financial closing.

This news is for information only and is not investment advice. Please do your own research before making investment decisions.