Bank Unions Threaten Nationwide Strike on Jan 27 Over 5-Day Work Week Demand

• 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 issued the warning, increasing pressure on government and bank authorities.
• A potential strike on January 27 could disrupt banking services for three consecutive days (Jan 25, 26, 27) due to Saturday and Republic Day holiday.
• Currently, banks are closed on second and fourth Saturdays and Sundays; unions want all Saturdays as holidays.
• Public sector banks could face significant problems, affecting cash, withdrawals, cheque clearances, and loan services.

Why It Matters: Bank unions threaten Jan 27 strike for 5-day week, risking 3-day service disruption.