Bank unions announce strikes on Sept 11 over unresolved issues
The Hindu11h ago4 newsrooms
Banks agreed in principle to move towards a five-day week in 2015, when the second and fourth Saturdays were declared holidays. The issue was revisited in 2020 and later formalised through the wage settlement signed on March 8, 2024, According to the unions
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Why it matters
Strike action will disrupt banking services on that date for customers and businesses conducting transactions, while banks attempt to manage operations with limited staff.
Most affected
Bank customers — Unable to access full banking services on September 11. Businesses relying on banking operations — Delayed or blocked transactions on the strike date.
Likely next
Whether the unions and banks reach a resolution before September 11, or whether the strike proceeds as announced.