Bank Strike on 27 January | 5 Day Banking Latest News | 12th Bipartite Settlement | UFBU Strike

Bank Strike on 27 January | 5 Day Banking Latest News | Bank Strike Latest News 2026 | What is the 12th Bipartite Settlement? UFBU IBA Meeting | | Nikkita Singh

Public sector banks are on a nationwide strike on 27th Jan after the United Forum of Bank Unions (UFBU) has decided to go ahead with it to press for the immediate implementation of a five-day work week. The strike is called by the UFBU, an umbrella body of nine unions representing officers and employees. This comes after a conciliation meeting on Jan 23 with the chief labour commissioner which failed to yield a positive outcome.

According to All India Bank Officers' Confederation (AIBOC) General Secretary Rupam Roy, the decision to declare all Saturdays as holidays was agreed between the Indian Banks' Association and UFBU during the wage revision settlement in March 2024. The unions are demanding the declaration of all Saturdays as holidays, a key point that was reportedly agreed upon during the 12th Bipartite Settlement signed with the Indian Banks' Association (IBA) in March 2024 but is awaiting government notification.

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