Just hours before millions of bank customers braced for three days of disrupted services, the United Forum of Bank Unions (UFBU) deferred its three-day nationwide strike following an eleventh-hour meeting with the Indian Banks’ Association (IBA).
According to a statement released by the bank union, the IBA and UFBU met at 9.30 pm on Sunday. After talks, both sides agreed on the following:
A joint committee of the IBA and UFBU will be set up right away to look at the issue of making all Saturdays bank holidays. This committee will study every option, talk to everyone affected, and try to find a solution that works for all sides, especially customers.
Talks will begin with the IBA on changing the PLI scheme for Scale IV and above officers, so their concerns can be raised with the government.
Other pending issues, listed in the minutes from March 8, 2024, will be discussed so they can be settled soon.
Because of these agreements, the UFBU said it would call off its planned protests and strikes for now.
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