Bank strike postponed! Two-day nationwide strike deferred after conciliation talks: PSBs, pvt banks open on THESE days

Financial institution Strike: The Banking union, the United Discussion board of Financial institution Unions (UFBU), on Friday, March 21, has determined to name off their two-day India-wide strike after receiving assurances from the Finance Ministry and the Indian Banks’ Affiliation (IBA) about their calls for.

The Chief Labour Commissioner determined to defer the strike after calling all of the events for a session assembly on Friday, reported the information company PTI.

As per the company report, the Ministry of Finance and the IBA assured the union that they’d deliberate on the calls for raised by the employees, which prompted the cancelling of the early subsequent week strike.

The UFBU is an organisation for financial institution employees from 9 unions throughout the nation. UFBU initially referred to as a nationwide strike on Monday, March 24 and Tuesday, March 25.

UFBU has members just like the All India Financial institution Workers Affiliation (AIBEA), All India Financial institution Officers’ Confederation (AIBOC), Nationwide Confederation of Financial institution Workers (NCBE), All India Financial institution Officers’ Affiliation (AIBOA), and Financial institution Workers’ Confederation of India (BEFI).

As per the report citing the Chief Labour Commissioner, the subsequent date for the listening to has been fastened on April 22, 2025, and likewise requested the IBA to submit a progress report on the Union calls for.

Union Calls for

1. The Union demanded adequate recruitment in all job cadres throughout banks to supply satisfactory department staffing and enhance customer support within the trade.

2. In addition they search to regularise all momentary workers working within the banking sector.

3. As per their demand, all banks ought to have a five-day work week, aligning with different sectors just like the RBI, insurance coverage corporations, and the federal government.

4. The union additionally appealed to withdraw directives associated to efficiency critiques and the Efficiency Linked Incentive (PLI) scheme, as these threaten job safety, create divisions amongst workers, violate the Eighth Joint Notice, and undermine the autonomy of Public Sector Banks (PSBs).

5. The calls for additionally purpose to carry security to financial institution officers and workers towards assaults and abuses by unruly public members.

6. Fill the vacant workmen/officer administrators posts in Public Sector Banks.

7. Resolve pending points with the Indian Banks’ Affiliation (IBA).

8. Amend the Gratuity Act to extend the ceiling to ₹25 lakh, making it just like the federal government workers schemes, with exemption to earnings tax.

9. Prime the outsourcing of everlasting jobs inside the banking sector.

10. Halt any unfair labour practices within the banking trade.

Financial institution Vacation

In response to Reserve Bank of India (RBI) guidelines, banks might be closed on Saturday, March 22, as it’s the fourth Saturday of the month, which is a delegated banking vacation. The banks can even be closed, as common, on Sunday, March 23, earlier than reopening for most of the people on Monday, March 24.

Indian banks will keep open on Monday, March 24, and Tuesday, March 25, as the employees union has deferred the strike.

(LiveMint could not independently confirm the report.)