Bank Strike Alert: 4-Day Closure Looms, Customers Face Inconvenience

• Bank employees plan a strike on January 27, demanding a 5-day work week.
• This strike, combined with existing holidays (Jan 24-26), could lead to a 4-day bank closure.
• Employees argue a 5-day week reduces workload, improves efficiency, and aligns with other institutions like RBI, LIC, and government offices.
• UFBU, representing 9 major bank unions, proposes working an additional 40 minutes daily to compensate for reduced hours.
• RBI approval is crucial for implementing a 5-day work week, posing a significant challenge for the diverse banking sector.

Why It Matters: Customers face potential 4-day bank closures due to a strike for a 5-day work week.