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The Indian Banks Association (IBA) and the United Forum of Bank Unions (UFBU) have agreed to defer a proposed three-day nationwide bank strike from September 28 to 30. This decision was reached after a meeting on Sunday night, as reported by ANI in a circular shared by UFBU. The unions had scheduled the strike to follow the weekend holidays on September 26 and 27, aiming to avoid a prolonged disruption in services.

The government had previously allowed public sector banks, regional rural banks, and ATM-linked branches to operate normally on Sunday. Both sides agreed to form a high-level committee to discuss the demand for declaring remaining Saturdays as holidays and explore other options. They also agreed to address the performance-linked incentive scheme for senior bank officers and revisit leftover issues from March 2024.

The strike was initially planned as a demand for a five-day banking week, but the government's decision to keep banks open on Sundays and the formation of the committee indicate that banks will continue to function as usual.