# Bank Unions Deferring Nationwide Strike

> Bank unions delay three-day strike after IBA talks.
- Title: Bank Unions Deferring Nationwide Strike · The Economic Times
- Summary: Bank unions delay three-day strike after IBA talks. Bank unions postponed their planned three-day nationwide strike following negotiations with the Indian…
- Keywords: bank unions, indian banks association, united forum of bank unions, performance linked incentive, bank strike, five-day banking week, Bank, Unions, Deferring, Nationwide, Strike, The Economic Times
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/banking/finance/banking/bank-unions-defer-3-day-nationwide-strike-after-talks-with-iba/articleshow/134523692.cms
- Author: ET Online
- Published: 2026-09-27T18:07:00+00:00
- Read time: 1 min
- Topics: bank unions, indian banks association, united forum of bank unions, performance linked incentive, bank strike, five-day banking week
## Strike Deferral Agreement
Bank unions deferred their planned three-day nationwide strike after reaching an understanding with the Indian Banks' Association on forming a high-level committee.
## Committee Purpose
The committee will deliberate on declaring all remaining Saturdays as holidays for bank employees and examine possible alternatives.
## PLI Scheme Discussions
The two sides agreed to begin discussions on the Performance Linked Incentive scheme for Scale IV and above officers.
## Residual Issues
The residual issues listed in the March 8, 2024 meeting minutes will be addressed for early resolution.
## Strike Impact
The proposed strike, scheduled for three days from Monday, would affect banking services at public sector banks and regional rural banks.
## Strike Demands
Unions called for a five-day banking week, pension benefits, dearness allowance, and an option to switch pension schemes.
## Key takeaway

Bank unions postponed their planned three-day nationwide strike following negotiations with the Indian Banks' Association to form a committee addressing employee holiday demands.