Due to bank strike and other bank holidays, next week banking branches can remain open for only three days. The All India Bank Employees Association (AIBEA) and All India Bank Officers Association (AIBOA) have decided to sit on the All India Bank strike on March 27 to protest against the merger scheme of 10 PSU banks in the four big banks. The Bank Employees Federation can also be present in the strike.
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Banks will be open on Monday and Tuesday next week, but in many cities banks may remain closed due to Gudi Padwa on Wednesday and Telugu New Year's Day. Banks may remain closed in many cities like Bengaluru, Chennai, Hyderabad, Mumbai, and Nagpur due to the spring festival on 25 March. Banks will open for a day again on Thursday but, due to the bank strike on Friday, banking services may be affected. There will be a holiday on Saturday as all scheduled commercial banks are closed on the second and fourth Saturdays of the month.
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It is noteworthy that bank unions had threatened to sit on a 3-day strike from March 11, following a disagreement with the Indian Banks' Association (IBA) over pay-related issues, but it was later canceled. Thousands of bank employees sat on a two-day strike on 1 February, affecting banking services. It is being told that the mega-merger scheme of 10 PSU banks could be effective from 1 April. Bank unions have demanded that the government withdraw the merger plan.
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