Bank Strike Looms: Employees Demand 5-Day Week, Operations to Halt Jan 27
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Moneycontrol•05-01-2026, 14:20
Bank Strike Looms: Employees Demand 5-Day Week, Operations to Halt Jan 27
- •Bank employees to strike on January 27, demanding a 5-day working week with all Saturdays off.
- •The United Forum of Bank Unions (UFBU) and All India Bank Officers' Confederation (AIBOC) announced the nationwide strike.
- •Demand stems from a March 2024 agreement with Indian Banks' Association (IBA) not being implemented by the government.
- •Employees offered to work 40 minutes extra daily if the 5-day week is adopted, citing RBI, LIC, GIC already having it.
- •Branch services like check clearance, cash transactions will be affected; digital services may remain operational.
Why It Matters: Bank employees will strike on January 27 for a 5-day work week, impacting branch banking services.
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