Nationwide bank strike likely on September 11

Nagpur Today

The United Forum of Bank Unions (UFBU) has decided to go on a nationwide strike on September 11 over the delay in implementing five-day banking, differences over the performance-linked incentive scheme, and several pending demands, including pension-related issues.

If the strike materialises, banking services, especially in public sector banks, would be impacted for four days in many parts of the country.

September 11 is a Friday, and the subsequent two days are bank holidays.

September 14 is a holiday in some states for Ganesh Chaturthi.

UFBU, an umbrella body of nine bank employees’ and officers’ unions, has also threatened a three-day subsequent nationwide strike beginning September 28, coinciding with the half-yearly closure.

They have also decided to go on an indefinite strike from October 26 onwards if their demands fall on deaf ears of the government and bank management.

The decision was taken at a meeting held on Sunday, following what the unions described as the government’s ‘negative attitude’ towards their key demands, the UFBU said in a statement.

On five-day banking, it said the Indian Banks’ Association (IBA) had agreed to the proposal as part of the 12th Bipartite Settlement/9th Joint Note signed on March 8, 2024, under which working hours would be increased by 40 minutes from Monday to Friday.

The proposal was subsequently recommended to the government, but has remained pending for more than two years, it said.

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