Wednesday, January 7, 2026
10.1 C
New Delhi

5-Day Banking: ‘Digital India, 1995 Timetable’-Bankers Demand Workweek Reform

Show Quick Read

Key points generated by AI, verified by newsroom

Bank unions across India have launched a nationwide campaign demanding the immediate implementation of a five-day work week, invoking the government’s commitment under the March 2024 12th Bipartite Settlement. Unions such as All India Bank Officers’ Confederation (AIBOC) and the United Forum of Bank Unions (UFBU) said the delay was unjustified at a time when banking has gone largely digital. The campaign, tagged #5DayBankingNow, comes amid warnings of industrial action if the promise is not honoured.

‘Digital Banking, Legacy Work Culture’

Union leaders argue that the nature of banking has fundamentally changed, making a six-day work week outdated. With UPI, mobile banking and ATMs operating round the clock, they claim nearly 99 per cent of routine transactions are now handled digitally. Despite this, more than 1.5 million bank employees continue to work six days a week.

AIBOC said banks posted record profits of Rs 1.78 lakh crore in FY 2024-25, yet staff continue to face long hours and mounting pressure. “When the world is discussing four-day work weeks, asking for five-day banking is not a luxury, it is justice,” the confederation said in a social media post.

Nilesh Pawar, senior vice-president of AIBOC, said India’s banking system had become “100 per cent digital”, but employees were still working on a “1995 timetable”. He pointed out that cash counter usage has fallen sharply, while workload and targets have not eased. According to unions, burnout and fatigue are now widespread across public sector banks.

Settlement Signed, Government Urged To Act

The unions stressed that the issue is no longer under negotiation. They said the Indian Banks’ Association (IBA) has already agreed to the five-day week as part of the 12th Bipartite Settlement, and the understanding has been formally signed. “Now the government must honour its commitment-no more excuses, no more delays,” UFBU said.

Union leaders also highlighted that regulators such as the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) already follow a five-day work schedule, as do banks in several major global economies. They argued that five-day banking would also reduce operational costs and improve efficiency.

Warning of escalating protests, unions said January walkouts could not be ruled out if the government continues to delay implementation. “Respect the settlement. Deliver it,” AIBOC said, reiterating the demand for #5DayBankingNow.

Go to Source

Hot this week

Pakistan’s Support For Terror Is Open And State-Backed, Says Jaishankar In Luxembourg

Jaishankar said no other country has pursued the kind of policies Pakistan has against a neighbouring state. Read More

Tata Sierra 1.5 petrol review: Takes rough with the smooth

Arguably the biggest launch of 2025 was the Tata Sierra, which racked up over 70,000 bookings soon after they opened. Read More

Why Dimpleplasty Is Becoming The Permanent Alternative To Temporary Social Media Beauty Hacks

From anatomy to Instagram culture, explore why dimpleplasty is rising as a permanent beauty choice over temporary hacks Go to Source Author: News18 Read More

‘Look At Your Own Region’: Jaishankar Hits Back At West’s ‘Free Advice’ On India’s Operation Sindoor

EAM S Jaishankar said that western countries often pursue their own interests when it comes to world conflicts but still offer unsolicited advice to India. Read More

Karnataka BJP Woman Worker ‘Assaulted, Stripped’ During Clash With Police

A female Bharatiya Janata Party (BJP) worker was allegedly assaulted while being detained by police in Hubballi, Karnataka, on Tuesday, with claims that her clothes were torn during the incident. Read More

Topics

Pakistan’s Support For Terror Is Open And State-Backed, Says Jaishankar In Luxembourg

Jaishankar said no other country has pursued the kind of policies Pakistan has against a neighbouring state. Read More

Tata Sierra 1.5 petrol review: Takes rough with the smooth

Arguably the biggest launch of 2025 was the Tata Sierra, which racked up over 70,000 bookings soon after they opened. Read More

Why Dimpleplasty Is Becoming The Permanent Alternative To Temporary Social Media Beauty Hacks

From anatomy to Instagram culture, explore why dimpleplasty is rising as a permanent beauty choice over temporary hacks Go to Source Author: News18 Read More

‘Look At Your Own Region’: Jaishankar Hits Back At West’s ‘Free Advice’ On India’s Operation Sindoor

EAM S Jaishankar said that western countries often pursue their own interests when it comes to world conflicts but still offer unsolicited advice to India. Read More

Karnataka BJP Woman Worker ‘Assaulted, Stripped’ During Clash With Police

A female Bharatiya Janata Party (BJP) worker was allegedly assaulted while being detained by police in Hubballi, Karnataka, on Tuesday, with claims that her clothes were torn during the incident. Read More

‘It’s too much trauma for us’: Anthony Joshua retires from boxing after surviving deadly car crash

Anthony Joshua has reportedly retired from boxing following a tragic car accident in Nigeria that killed two of his close friends. His uncle confirmed the decision days after the deadly crash. Read More

Japan: Sushi king pays a record $3.2 million for bluefin tuna at Tokyo’s Toyosu market

The fish in question was caught off the coast of Oma in northern Japan, a region that is renowned for its high-quality tuna fish. Read More

The curious case of Russia’s unease and muted response to Trump’s Maduro move in Venezuela

Russia’s muted condemnation of Trump’s swift move against Maduro masks deep unease, suggesting the Kremlin’s waning influence and its preoccupation with the war in Ukraine Go to Source Read More

Related Articles