NEW DELHI, SEP 21 (PTI): The Finance Ministry on Monday urged bank employees to refrain from resorting to strikes and resolve their remaining demands through dialogue, saying most concerns of the unions have been substantially addressed.
The appeal from the government comes ahead of a three-day nationwide strike called by the United Forum of Bank Unions beginning September 28 to press for 5-day banking and other demands.
The strike, if it materialises, may impact banking services for five days as the weekend before September 28 is a holiday. It would coincide with the half-yearly closing of the banking sector.
The finance ministry, in a statement, said the remaining demand continues to be examined and highlighted that the welfare measures are being introduced for the banking workforce.
“Given that most concerns of the unions have been substantially addressed, that the remaining demand continues to be examined, and that the Government continues to proactively introduce welfare measures for the banking workforce, bank employees are urged to refrain from resorting to strikes, work towards resolving issues through dialogue, and ensure that banking services remain uninterrupted,” it said.
It also said that one of the main demands of the unions is withdrawal of the Performance Linked Incentive (PLI) scheme, which was put in abeyance earlier this month after detailed discussion.
Despite the Government having resolved one of the two major demands of the union, and sustained conciliatory engagement, a one-day strike was held on September 11.
Emphasising that Public Sector Banks play a vital role in the country’s economic and social development, the statement said, they have been at the forefront of financial inclusion, digital banking, financial literacy and rural outreach, ensuring that formal financial services reach every section of society.
Recognising this role and acknowledging that a motivated, secure and efficient workforce is essential for a strong banking system, the Government has taken several measures aimed at improving the working environment, transparency and welfare of bank employees. These include an increase in salary and allowances along with fixation of new pay scales for all cadres, Staff Welfare Fund (SWF), a hike in the number of executive posts at the levels of Assistant General Manager, Deputy General Manager, General Manager and Chief General Manager.
Further, to ensure prompt implementation of Wage Settlements and timely revision of bankers’ salaries and allowances, the Government, for the first time, has begun negotiations for the upcoming Bipartite Settlement, aiming to complete it well in advance of the November 2027 deadline, it said. These initiatives reflect the Government’s continued commitment towards addressing the genuine concerns and welfare of bank employees, while strengthening the institutional framework and ensuring that the banking sector continues to function efficiently and effectively, it said.
Tuesday, September 22, 2026