Bank Strike Looms: 5-Day Work Week Demand Ignites Nationwide Protest on Jan 27

• Bank employee unions demand a 5-day work week, threatening a nationwide strike on January 27 if demands are not met.
• The United Forum of Bank Unions warns of disruption if all Saturdays are not declared holidays, as reported by PTI.
• A potential strike could lead to 3 consecutive days of banking disruption (Jan 25 Sat, Jan 26 Republic Day, Jan 27 Strike).
• Services like cash deposits, cheque clearance, and loan-related work will be affected; digital banking (UPI) likely operational.
• Unions argue a 5-day week will reduce employee workload and improve work-life balance.

Why It Matters: Bank unions threaten a nationwide strike on January 27 over 5-day work week demand, impacting services.