Bank Strike March 2025: The strike was announced to address various demands, including a five-day workweek, and adequate recruitment.
Bank Strike March 2025: The United Forum of Bank Unions (UFBU), representing over 800,000 bank employees across nine unions in India, had planned a two-day nationwide strike on March 24-25 to push for changes in the banking sector. However, after intense discussions with the Chief Labour Commissioner and the Indian Banks' Association (IBA) on March 22, the plan was called off, at least for now, as per a PTI report.
This last-minute decision brings relief to millions of bank customers who were preparing for potential disruptions. The strike was initially announced to address various demands, including a five-day workweek, adequate recruitment, stronger laws to prevent attacks on bank employees, and a better work-life balance.
The UFBU had also demanded immediate withdrawal of the recent directives of the Department of Financial Services (DFS) on performance review and performance-linked incentives (PLI), which threaten job security and create division amongst employees.
Will banks be open or shut on March 25?
Banks across India will operate and function normally today, March 24, and March 25, tomorrow, since the union has called off the strike. According to the Reserve Bank of India (RBI), there are no holidays today under the Negotiable Instruments Act, so bank branches will function without any disruptions.
0 Comments