In the development regarding bank holidays, earlier the banks were to remain closed for 4 days i.e. from 28th January 2023 to 31st January 2023. Two days it was to remain closed due to fourth Saturday and Sunday while the other two days were announced for strike by Bank Unions for their unmet demands.

Reportedly, the United Forum of Bank Unions (UFBU) has now deferred the two-day nationwide bank strike on January 30-31, 2023 following an understanding at the conciliation meeting held in Mumbai, said C.H. Venkatachalam, General Secretary, All India Bank Employees' Association (AIBEA). According to him, the Indian Banks Association has agreed to hold a meeting on 31st January 2023 because of which the strike has been postponed.

The strike was announced for the following demands- five days of banking, updation of pension, residual issues, scrapping of National Pension System (NPS), immediate starting of negotiation on charter of demands for wage revision, and adequate recruitment in all cadres. As per the information, in the meeting that will be held on Friday 3 common issues will be discussed that are five-day banking, updation of pension and restoration of old pension scheme. The remaining will be discussed with respective officers separately.

Earlier bank employees were to go on a two-day strike. State Bank of India (SBI) on the announcement of the strike stated that this strike called by the Union Forum of Bank Unions on January 30-31 may have affected the workers in their branch.

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