Bank unions defer 3-day nationwide strike following assurance from IBA
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
The United Forum of Bank Unions (UBFU) has called off a proposed three-day nationwide strike, following an agreement with the Indian Banks’ Association (IBA). The strike was scheduled to begin on Sunday, September 27, 2026, but has now been postponed, allowing banks to function on Monday, September 28, 2026. Both parties agreed to form a high-level committee to discuss the remaining Saturdays turning into holidays.
The committee aims to explore alternatives, consult stakeholders, and devise a solution acceptable to all parties, with a particular focus on customer impact. Regarding the Permanent Life Insurance (PLI) scheme for Scale IV and above officers, discussions can begin with the IBA to propose changes to the government, addressing union and association concerns.
The UFBU stated that residual issues listed in the minutes dated March 8, 2024, will be addressed between the parties for prompt resolution. With these developments, the UFBU confirmed that agitational programs and strike actions will be deferred, ensuring the banking sector operates without disruption.
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