In Brief
- Bank unions deferred a three-day nationwide strike after talks with Indian Banks’ Association.
- A high-level committee will discuss declaring remaining Saturdays as holidays.
- Committee to be formed immediately by IBA and United Forum of Bank Unions.
- Postponement reflects progress in labour negotiations, averting disruption.
Bank unions have postponed a planned three-day nationwide strike after reaching an agreement with the Indian Banks’ Association (IBA). The deferment follows discussions aimed at addressing employee concerns.
The statement from the United Forum of Bank Unions (UFBU) confirmed that a high-level committee comprising representatives from IBA and UFBU will be established immediately. This committee will deliberate on the proposal to declare the remaining Saturdays as holidays in the banking sector.
The decision to defer the strike highlights progress in negotiations between the unions and the banking association, aiming to resolve pending issues amicably. This move has been welcomed as it prevents interruptions in banking services across the country.
Further discussions by the committee are expected to clarify the status of Saturday holidays and other outstanding employee demands.
