Bank Strike Alert: Four-Day Closure Looms Over Five-Day Work Week Demand
Business
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News18•22-01-2026, 16:13
Bank Strike Alert: Four-Day Closure Looms Over Five-Day Work Week Demand
- •Bank employees plan a strike on January 27, 2026, demanding a five-day work week.
- •The strike, combined with existing holidays (Jan 24-26), could lead to a four-day bank closure.
- •Unions argue a five-day week reduces workload, boosts efficiency, and aligns with other financial institutions.
- •United Forum of Bank Unions (UFBU) proposes extending daily working hours by 40 minutes to compensate for Saturdays.
- •The Indian Banks' Association (IBA) and All India Bank Officers' Confederation have agreed to the five-day week, pending government notification.
Why It Matters: Bank employees' demand for a five-day work week could lead to a four-day bank closure in January 2026.
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