India narrowly avoided a major bank strike as unions called off a two-day nationwide closure after extracting key assurances on job security, recruitment, and a five-day workweek from banking authorities. The move followed heated protests and promises of ongoing negotiations.
The nationwide bank strike set for March 24-25, 2025, was postponed after breakthrough talks between UFBU unions, the Indian Banks' Association, and the Finance Ministry. Banks will function as usual on these dates, but unions warn future strikes are possible if demands aren't met.
A major two-day bank strike planned across India, including Aligarh, has been postponed. Bank unions and the Indian Banks' Association agreed to further negotiations after getting key assurances on workweek reforms, recruitment gaps, and controversial performance-linked directives. Talks will continue in April.