Bank Strike Today
The United Forum of Bank Unions (UFBU), representing over eight lakh bank employees, canceled a planned two-day nationwide strike on March 24-25, 2025, after receiving assurances from the Finance Ministry and Indian Banks’ Association (IBA). The strike, deferred following a meeting with the Chief Labour Commissioner, aimed to demand better recruitment, regularization of temporary staff, a five-day work week, job security, safety measures, and gratuity reforms. The resolution prevents a four-day disruption to banking services.
Two-Day Nationwide Bank Strike Deferred
The United Forum of Bank Unions (UFBU), representing over eight lakh bank employees, had initially planned a two-day nationwide bank strike today, on March 24 and 25, 2025. However, the strike was called off after the Finance Ministry and the Indian Banks’ Association (IBA) provided assurances regarding the unions’ demands. The Chief Labour Commissioner intervened, deferring the strike following a consultation meeting with all parties on Friday, as reported by PTI.
Why Did Banks Plan the Strike?
The UFBU announced the strike to push for significant changes in the banking sector. Key demands included improved recruitment practices, regularization of temporary employees, and the adoption of a five-day work week. Pankaj Kapoor, Vice President of the All India Bank Officers Confederation (AIBOC), had warned that banking services—such as cash transactions, remittances, and advances—would face disruptions for four days starting March 22, compounded by a bank holiday on March 23.
