[REVISION HISTORY]

Indian bank union strike deferred after negotiations

Updated 26 times since CLSTR started tracking revisions of this situation.

What changed

2026-09-28 06:47 UTC → 2026-09-30 03:18 UTC · added ~~removed~~

The United Forum of Bank Unions (UFBU), representing over 90 per cent of India’s banking workforce, had scheduled a series of nationwide strikes for September 28 to 30, 2026, to address unresolved labor disputes. The unions demanded a five-day working week, a review of the Performance-Linked Incentive (PLI) scheme, and the settlement of pension-related matters. Following emergency negotiations between the UFBU and the Indian Banks' Association (IBA) on the night of September 27, the nationwide three-day strike has been deferred. The two parties have agreed to form a high-level committee, comprising representatives from both the IBA and UFBU, to seek a sustainable method for implementing a five-day work week without disrupting public services. This committee will specifically explore options that balance employee needs with customer convenience, including the demand to declare all Saturdays as holidays. Additionally, discussions regarding the PLI scheme for officers have commenced, with the IBA agreeing to discuss modifications for Scale IV and above officers with the government. To mitigate potential disruptions, the Indian government and the Reserve Bank of India (RBI) directed public sector and regional rural banks to remain operational on Sunday, September 27, allowing customers to complete essential transactions. During the proposed strike period, digital services including UPI, mobile banking, and ATMs were expected to remain functional. Furthermore, the State Bank of India (SBI) announced it would waive ATM transaction fees at any bank's ATM to assist customers. The deferment ensures that banking services, including cheque clearance and cash transactions, will continue normally during the period originally slated for the strike. Following the deferral, the IBA has formally established the high-level committee to address the five-day work week.

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