Mon Mar 24 11:42:01 UTC 2025: ## Nationwide Bank Strike Averted After Last-Minute Talks

**New Delhi, March 24, 2025** – A planned two-day nationwide bank strike in India has been called off following negotiations between the United Forum of Bank Unions (UFBU) and government officials. The strike, which was set to begin on March 24th and impact over 800,000 bank employees across nine unions, was averted after discussions with the Chief Labour Commissioner and the Indian Banks’ Association (IBA) on March 22nd.

The UFBU, representing a significant portion of India’s banking workforce, had initially planned the strike to pressure for improved working conditions, including a five-day workweek, increased recruitment, enhanced employee safety measures, and better work-life balance. Key demands also included the withdrawal of recent performance review directives from the Department of Financial Services (DFS) deemed detrimental to job security. Further demands included resolving outstanding issues with the IBA and amending the Gratuity Act to increase the ceiling.

The eleventh-hour decision prevents potential disruptions for millions of bank customers. All banks are operating normally today and tomorrow, according to the Reserve Bank of India (RBI). While customers are encouraged to utilize online banking services, ATMs, and mobile apps, branches are open for in-person transactions.

Although the immediate threat of a strike has passed, the issues remain unresolved. A further hearing is scheduled for April 22nd, where the IBA is expected to present a progress report on the UFBU’s demands. The UFBU has not ruled out future strike action if their demands are not met.

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