IBA and UFBU met today to discuss the launch of 5-Day Banking. On January 27, 2026, UFBU declared a strike and demanded that 5-Day Banking be implemented right now. Major bank officer and staff unions were called to a conference by the Indian Banks' Association (IBA) on January 14, 2026, to discuss their demands for the planned nationwide bank strike.
The IBA called UFBU to a conversation today in response to the strike notice that UFBU served on the IBA. As a result, this afternoon's talks were held in the IBA headquarters. Chief Executive Shri A K Goel, Deputy Chief Executive Shri Gopal Murali Bhagat, Mr. Brajeshwar Sharma, the departing Senior Advisor, HR&IR, and the newly appointed Shri Arvind Misra represented IBA.
IBA notified UFBU that the government has previously been advised to declare the remaining two Saturdays as holidays, and the government's response is still pending while it is being considered. IBA added that a few other concerns, most notably the PLI issue, are still unresolved.
IBA therefore recommended that all of these problems be investigated further and asked the UFBU to postpone going on strike on January 27, 2026.In response to IBA's request, UFBU said that although it was decided to proclaim the second and fourth Saturdays as holidays in 2015, it was promised that the remaining two Saturdays would be taken into consideration later. However, since then, nothing has occurred.
In February 2023, IBA agreed to proclaim the remaining Saturdays as holidays, subject to government approval, while UFBU agreed to extend working hours by 40 minutes every day, Monday through Friday. The government has already been requested to consider this plan, and it has been pending for the last two years.
UFBU emphasised that in the present scenario of banking, declaring the remaining two Saturdays as holidays is most essential. In view of the inordinate delay in implementing this understanding reached between IBA and UFBU, UFBU regretted its inability to accept IBA’s request to postpone the strike.
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