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Amid strike threat, Fin Secy Sanjay Lohia calls bank chiefs' meet to ensure services

  • On Sunday, September 27, 2026, Public Sector Banks and Regional Rural Banks will function normally to ensure banking needs are met despite the upcoming three-day nationwide strike.
  • The United Forum of Bank Unions called the strike for September 28 to 30, demanding a five-day banking week and withdrawal of the Performance Linked Incentive scheme.
  • Responding to union concerns, the Government decided to keep the Performance Linked Incentive scheme in abeyance while The Reserve Bank of India approved bank branch operations on September 27.
  • Government officials urged employees to withdraw the proposed strike, noting that one of the union's two key demands has already been addressed by the Finance Ministry.
  • The Finance Ministry said ensuring customer convenience and welfare remains a priority while essential banking services continue uninterrupted, with remaining demands still under consideration.
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Latestly broke the news in Mumbai, India on Saturday, September 19, 2026.
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