What IBA said in Meeting on 23 January regarding Bank Strike

A meeting was held on 23.01.2026 between UFBU, DFS, IBA, CLC and Bank Management for the implementation of 5-Day Banking. The Government seems not to be in favour of 5-Day Banking, so the strike will continue on 27 January 2026. The representative from IBA submitted his pointwise comments orally, which are recorded as follows:

Issue	Remarks by IBA
5-day banking week	IBA submitted that the matter is under consideration with the Government of India.
Regulated Working Hours	IBA submitted that working hours are already regulated and that no such cases of working beyond the regulated hours have been brought before the IBA.
Expedite release of the PLI to the workforce	IBA submitted that the issue is under consideration of CLC(C), New Delhi. IBA further added that banks are obliged to follow CLC order.
Up-dation of Pension	The matter is sub-judice before the Hon’ble Supreme Court of India.
Payment of ex-gratia to the pensioners in private sector banks	In the recently concluded wage settlement, the payment of ex-gratia was agreed for the PSBs including SBI. However, other member banks, if they decide so, may consider at their end.

Also Read: Is Indian Banks’ Association (IBA) a Legal Body?

Also Read: 5-Day Banking: UFBU Meeting 23 January 2026 Updates and Meeting Minutes