Bank unions announce strikes on Sept 11
The United Forum of Bank Unions (UFBU), representing over 90% of the banking workforce, has announced planned strikes for September 11 and September 28-30. If demands remain unmet, a potentially indefinite strike could commence on October 26, 2026. The unions are demanding the adoption of a five-day banking week, the repeal of the government's revised Performance Linked Incentive (PLI) scheme, and the renegotiation of the PLI scheme's terms through bilateral discussions.
The unions have raised four key demands, including the implementation of the five-day banking week, withdrawal of the PLI scheme, modification of the incentive scheme through negotiations, and resolution of pending issues. The five-day week demand has been pending since 2015, despite initial agreement in principle in 2015 and formalization in 2024.
The Performance Linked Incentive scheme, introduced in 2020, has been a major point of contention, with the unions alleging it creates significant disparities between senior officers and the rest of the workforce.
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