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[BUSINESS] · India · 12 sources

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Part of situation: Indian bank union strike deferred after negotiations (8 clusters)

Bank unions announce nationwide strikes in India over five-day week and PLI dispute

bank strike UFBU five-day work week PLI scheme banking services

The United Forum of Bank Unions (UFBU), representing nine major bank employee and officer associations, has announced a series of nationwide strikes in India to press for several long-standing demands.

The primary objectives of the protests include the implementation of a five-day working week and the withdrawal of the government’s revised Performance-Linked Incentive (PLI) scheme. Regarding the five-day week, the unions noted that while the Indian Banks Association (IBA) agreed to the proposal in March 2024—which involves increasing daily working hours by 40 minutes from Monday to Friday to compensate for Saturdays off—the matter has remained pending with the government for over two years.

The unions also oppose the current PLI scheme, arguing it is discriminatory. They contend that while senior officers (Scale IV and above) could receive incentives up to 365 days of basic pay based on individual performance, workmen and lower-scale officers receive significantly less, violating previous understandings that incentives should be linked to overall bank performance.

The scheduled strike actions are as follows:

• September 11: A one-day nationwide strike. • September 28–30: A three-day nationwide strike, coinciding with the half-yearly closure. • October 26: An indefinite strike, should the government and management fail to address the demands.

Entities

Government of India · India · Indian Banks Association · Indian Banks’ Association · New Delhi · United Forum of Bank Unions

Claims

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Sources

ଶତକ ପରେ ‘ଜୟ ଯବାନ, ଜୟ କିଶାନ’ ଟାଟୁ ଦେଖାଇଲେ ଜୁରେଲ୍‌: ବାପା-ଜେଜେଙ୍କ ପାଇଁ ଥିଲା ଏହି ଭାବୁକ ସେଲିବ୍ରେସନ୍ [argusnews.in]
11 सितंबर को देशव्यापी बैंक हड़ताल, यूनियनों ने दी चेतावनी [www.hindimilap.com]
ବ୍ୟାଙ୍କ ୟୁନିୟନର ବଡ଼ ଘୋଷଣା: ସେପ୍ଟେମ୍ବର ଏବଂ ଅକ୍ଟୋବରରେ ବ୍ୟାପକ ଧର୍ମଘଟ, ଆଗୁଆ ସାରିଦିଅନ୍ତୁ ଜରୁରୀ କାମ [odishasambad.in]
ପଦବୀ ନୁହେଁ କ୍ଷମତା [www.dharitri.com]
Bank unions threaten nationwide strike on Sep 11 to press for 5-day banking, other demands [thekashmirimages.com]
5-Day Work Week: Nationwide strike announced over 5-day working and PLI dispute, see full schedule [www.informalnewz.com]
Banking services likely to be hit as employees’ unions call four-day nationwide strike, next month [theshillongtimes.com]
Banking services likely to be hit as employees' unions call four-day nationwide strike, next month [www.mangalorean.com]
5-दिवसीय बैंकिंग और पीएलआई योजना को लेकर बैंक यूनियनों का आंदोलन तेज, 11 सितंबर को देशव्यापी हड़ताल का ऐलान | Bank unions to strike on Sept 11 over five-day banking, PLI scheme, other demands [www.bhaskarhindi.com]
बैंक में 5 दिन काम, 2 दिन छुट्टी कब से? नहीं मानी मांगें तो होगी हड़ताल [hindi.news18.com]
UFBU announces September 11 bank strike, sets October 26 deadline for indefinite strike [www.orissapost.com]
Bank Unions Threaten Nationwide Strike on Sep 11, Press For 5-Day Week [www.deccanchronicle.com]