The United Forum of Bank Unions (UFBU) announced a potential indefinite strike on August 23, 2026, citing unresolved issues regarding five-day banking and PLI payments.
The union rejected the current 'backlog killer' method proposed by the Indian Banks' Association (IBA) for calculating performance-linked incentives for Scale IV executives.
Banking operations across the country face significant disruption if negotiations fail to address the demand for a standardized five-day work week.