3-Day Bank Strike Deferred After Meeting Between Association, Unions

The United Forum of Bank Unions (UFBU) has deferred its three-day nationwide bank strike, which was set to begin on September 28. The decision to postpone the strike came after a meeting between the UFBU and the Indian Banks' Association (IBA) on Sunday night, September 27.

According to the Times of India, a high-level committee will be formed to discuss the demand for declaring the remaining Saturdays as holidays, as part of the five-day banking week sought by the UFBU. The committee will explore alternatives and consult stakeholders to find an acceptable solution.

The UFBU and IBA also agreed to discuss the Performance Linked Incentive (PLI) scheme for Scale IV and above officers, with the IBA proposing modifications to address union concerns. The parties will also address residual issues listed in the minutes of a March 8, 2024 meeting. The decision to defer the strike was communicated through a joint circular signed by representatives of the constituent unions, as reported by the Free Press Journal.

Brief written by urgent.news from NDTV, Free Press Journal, Times of India — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.