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Bank strike in India deferred after IBA and UFBU agreement
The proposed three-day nationwide bank strike by the United Forum of Bank Unions (UFBU), originally scheduled from September 28 to September 30, 2026, has been deferred. The decision followed an emergency meeting between the UFBU and the Indian Banks' Association (IBA) on Sunday night.
To prevent a prolonged five-day shutdown following a weekend of holidays, the Ministry of Finance and the Reserve Bank of India (RBI) had previously mandated that public sector and regional rural banks remain operational on Sunday, September 27. Additionally, the State Bank of India (SBI) announced it would waive ATM transaction charges during the strike period to assist customers.
As part of the agreement to defer the strike, a high-level joint committee comprising representatives from both the IBA and UFBU will be formed to investigate the demand for a five-day banking week, which includes declaring all Saturdays as holidays. The committee will also explore solutions that balance the interests of employees and customers. Furthermore, the IBA agreed to discuss modifications to the Performance Linked Incentive (PLI) scheme for Scale IV and above officers and address other pending issues from previous negotiations.
Entities
All India Bank Officers Association · All India Bank Officers' Association · India · Indian Banks' Association · Ministry of Finance · Reserve Bank of India · State Bank of India · United Forum of Bank Unions
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 36 SOURCES] A primary demand of the bank unions is the implementation of a five-day banking week. www.pratahkal.com · www.sentinelassam.com · navbharatlive.com · dainiknavajyoti.com · hindi.latestly.com · +22 more
- [● 9 SOURCES] Digital banking services, including UPI, ATMs, and mobile apps, were expected to remain operational during the strike. dainiknavajyoti.com · hindi.latestly.com · sanmarg.in · thelivenagpur.com
- [● 13 SOURCES] The RBI approved the operation of public sector bank branches, offices, and currency chests on Sunday, September 27. www.yugantarpravah.com · www.sentinelassam.com · dainiknavajyoti.com · sanmarg.in · bhaskarlive.in · +2 more
- [DISPUTED] The United Forum of Bank Unions (UFBU) called for a three-day nationwide strike from September 28 to September 30, 2026. www.pratahkal.com · bhaskarlive.in · www.yugantarpravah.com · hindikhabar.com · www.orissapost.com · +30 more
- [● 11 SOURCES] The Ministry of Finance directed public sector and regional rural banks to remain open on Sunday, September 27, to mitigate customer inconvenience. bhaskarlive.in · hindi.latestly.com · sanmarg.in · orissasambad.com · assamtribune.com · +1 more
- [● 2 SOURCES] SBI announced that no charges would be levied on ATM transactions made at any bank's ATM during the strike period from September 28 to 30. sanmarg.in · dainiknavajyoti.com
- [DISPUTED] The three-day nationwide bank strike scheduled for September 28-30 has been deferred following a meeting between the Indian Banks' Association (IBA) and the UFBU. uttarbangasambad.com · bengali.news18.com · www.bhaskarhindi.com · www.aajtak.in · www.indiatv.in · +13 more
- [● 19 SOURCES] A high-level committee comprising representatives from both the IBA and UFBU has been formed to address the demand for a five-day banking week. uttarbangasambad.com · bengali.news18.com · www.aajtak.in · www.indiatv.in · desitalkchicago.com · +13 more
- [● 19 SOURCES] The Indian Banks' Association (IBA) and the UFBU held a meeting on Sunday night to discuss the strike. www.aajtak.in · desitalkchicago.com · www.indiatv.in · uttarbangasambad.com · bengali.news18.com · +13 more