Bank Strikes Today | Why Are Public Banks Closed? What Are Bank Unions Demanding?

Banking operations at public sector banks across the country are likely to be disrupted on Tuesday as the United Forum of Bank Unions (UFBU) goes ahead with its nationwide strike demanding a five-day work week. The decision to strike was taken after a conciliation meeting with the Chief Labour Commissioner on January 23 failed to resolve the issue. UFBU is a joint platform of nine unions representing officers and employees of public sector banks. The timing of the strike could cause inconvenience to customers, as banks are already closed on Sunday (January 25) and Monday (January 26), due to Republic Day.