Nationwide Bank Strike on March 24-25 Called Off After Talks with Govt
New Delhi: The two-day nationwide bank strike scheduled for March 24 and 25 has been postponed following successful discussions between the United Forum of Bank Unions (UFBU) and the Central Labour Commissioner.
The decision was announced after a conciliation meeting on Friday, where key demands, including a five-day banking week, recruitment and performance-linked incentives (PLI), were deliberated upon.
According to a circular issued by UFBU, representatives from the Indian Banks’ Association (IBA) and the Department of Financial Services (DFS) participated in the discussions, with the DFS joint secretary joining via video conference.
The Central Labour Commissioner assured that he would personally oversee the implementation of a five-day work week, while the IBA agreed to continue discussions on recruitment, PLI and other issues.
“In light of the positive developments, we have decided to defer the strike by a month or two,” the UFBU stated, adding that the next round of talks is set for the third week of April.
The strike, if executed, would have led to a four-day disruption in banking services from March 22 to March 25, affecting cash transactions, cheque clearances, remittances, and loan processing. Since March 23 is a bank holiday, the protest on March 24-25 would have significantly impacted customers.
