Bankers severely criticize CH Venkatachalam on Social Media

Bankers are severely criticizing CH Venkatachalam on Social Media. But why? Let’s understand.

CH Venkatachalam – General Secretary of AIBEA posted about the first meeting of High level committee on 5-Day Banking, on social media.

Bankers are unhappy with the delay in the implementation of 5-day banking. Under the 12th Bipartite Settlement (12th BPS), it was agreed to introduce 5-day banking. The 12th BPS was signed on 8 March 2024, but the Government has still not implemented the decision. More than 2.5 years have passed, yet 5-day banking remains unimplemented. Moreover, a three-day nationwide bank strike was announced from 28 to 30 September 2026. However, the strike was suddenly deferred on the night of 27 September 2026 without any concrete assurance from the Government regarding the implementation of 5-day banking.

Instead, it was decided to constitute a high-level committee to examine the issues raised by stakeholders regarding 5-day banking. Bankers are questioning why another high-level committee has been constituted when 5-day banking was already agreed upon under the 12th BPS. The AIBEA General Secretary is facing severe criticism on social media following his post about the meeting. Many bankers have expressed their disappointment and questioned the decision in the comments section of his post. Read the public comments on his post.