Banks to remain closed on January 27? Bankers unions plan nationwide strike over 5-day work week demand

Bankers' unions have announced a nationwide strike on Tuesday, January 27, to reiterate their long-standing demand for a five-day work week for banks. In a circular, the All India Bank Officers’ Confederation (AIBOC) said the All-India strike call comes after “a lack of response from the government” on the 5-day banking demand, which it said was already agreed upon during the wage revision settlement signed between the Indian Banks’ Association (IBA) and bank unions in March 2024. “…it is unfortunate that the Government is not responding to our programmes and our genuine demands,” the January 4 circular read.