Nationwide Bank Strike Disrupts SBI, PNB, BoB Operations Today

India’s banking sector is witnessing a nationwide strike today, 27 January, as the United Forum of Bank Unions (UFBU) representing nine major unions presses for a five-day work week and implementation of earlier wage settlement commitments. The strike follows failed conciliation talks with the Chief Labour Commissioner on 23 January.

This disruption comes after three consecutive non-working days (fourth Saturday, Sunday, and Republic Day), leaving customers facing extended service gaps. While digital platforms like UPI and internet banking remain operational, branch-level services are expected to be severely impacted across public sector banks.

Key Highlights

• Banks Affected: SBI, PNB, Bank of Baroda, and other public sector banks.
• Duration: Strike runs from midnight 26 January to midnight 27 January.
• Services Hit: Cash deposits, withdrawals, cheque clearances, and routine branch operations.
• Digital Services: UPI, mobile banking, and internet banking continue without major disruption.
• Reason for Strike: UFBU demands implementation of a five-day work week and adherence to wage settlement commitments signed in March 2024.
• Customer Impact: Extended closure due to prior holidays adds to inconvenience, especially for cash-dependent households and businesses.

Sources: Mint, News18, PTI, IANS