Bank Strike Looms: Employees Demand 5-Day Week, Operations to Halt Jan 27

• Bank employees to strike on January 27, demanding a 5-day working week with all Saturdays off.
• The United Forum of Bank Unions (UFBU) and All India Bank Officers' Confederation (AIBOC) announced the nationwide strike.
• Demand stems from a March 2024 agreement with Indian Banks' Association (IBA) not being implemented by the government.
• Employees offered to work 40 minutes extra daily if the 5-day week is adopted, citing RBI, LIC, GIC already having it.
• Branch services like check clearance, cash transactions will be affected; digital services may remain operational.

Why It Matters: Bank employees will strike on January 27 for a 5-day work week, impacting branch banking services.