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Banks to remain shut for three consecutive days from today? Unions plan strike on Jan 27 - here's why

Bank employee unions have given notice for a nationwide strike on 27 January to press for a long-pending demand for a five-day work week. If the strike proceeds, it will disrupt public sector banking operations for three consecutive days as banks will remain closed on Sunday, 25 January in line with Reserve Bank of India (RBI's) holiday schedule – which would be followed by another closure on Monday, 26 January– Republic Day, which is a national holiday. Currently, bank employees get the second and fourth Saturdays off each month, apart from Sundays.

Banks to remain shut for three consecutive days from today? Unions plan strike on Jan 27 - here's why

Credit: Livemint

Key Highlights

  • First and third Saturdays of every month are working days for the employees, except for RBI's holiday schedule.
  • Most of the public sector banks have already informed their customers about the disruption in banking services if the strike materialises, mentioned a report by news wire PTI.
  • In response to a strike notice served by United Forum of Bank Unions (UFBU), the Chief Labour Commissioner held a conciliation meeting on Wednesday and Thursday, the UFBU – an umbrella organisation of nine unions of officers and employees, said in a statement.
  • "Besides representatives of IBA and various Banks, representatives of DFS, the Ministry of Finance, were present.
  • From UFBU, all our 9 unions were present.
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Sources

  1. Banks to remain shut for three consecutive days from today? Unions plan strike on Jan 27 - here's why

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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