Saturday, January 31, 2026
13.1 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Union leaders argue that the nature of banking has fundamentally changed, making a six-day work week outdated.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

Margot Robbie Wears Elizabeth Taylor’s Rs 74 Crore Taj Mahal Diamond Necklace

Actor Margot Robbie wore a one-of-a-kind necklace for a film promotional event that once belonged to Elizabeth Taylor. Read More

YogMantra | Anxiety Can Be Reversed With Yogic Lifestyle & Counselling. Senior Yoga Guru Explains How

Director of Arogyadhama at SVYASA, Bengaluru, Dr Nagarathna Raghuram explains why yogic counselling, not just asanas or breathing practices, is key to addressing anxiety disorders Go to Source Author: News18 Read More

188 million children living with obesity; WHO flags global health alarm

NEW DELHI: Nearly 188 million children and adolescents worldwide are living with obesity, the World Health Organization (World Health Organization) has warned, calling childhood obesity one of the fastest-growing public health crises Read More

‘Come Back’: J&K’s Mother’s Final Plea To Terrorist Son Goes Unanswered As She Is Laid To Rest

Ahmed, now identified as a terrorist with a reward of Rs 10 lakh on his head, ignored repeated pleas from his family. Read More

Numbers To ‘Nazm’: Budget Day ‘Shayari’, ‘Mehfil-E-Sher’ In Parliament, And Quotes That Broke The Internet

The Union Budget 2026 will be presented by Finance Minister Nirmala Sitharaman on Sunday, February 1. Read More

Topics

Margot Robbie Wears Elizabeth Taylor’s Rs 74 Crore Taj Mahal Diamond Necklace

Actor Margot Robbie wore a one-of-a-kind necklace for a film promotional event that once belonged to Elizabeth Taylor. Read More

YogMantra | Anxiety Can Be Reversed With Yogic Lifestyle & Counselling. Senior Yoga Guru Explains How

Director of Arogyadhama at SVYASA, Bengaluru, Dr Nagarathna Raghuram explains why yogic counselling, not just asanas or breathing practices, is key to addressing anxiety disorders Go to Source Author: News18 Read More

188 million children living with obesity; WHO flags global health alarm

NEW DELHI: Nearly 188 million children and adolescents worldwide are living with obesity, the World Health Organization (World Health Organization) has warned, calling childhood obesity one of the fastest-growing public health crises Read More

‘Come Back’: J&K’s Mother’s Final Plea To Terrorist Son Goes Unanswered As She Is Laid To Rest

Ahmed, now identified as a terrorist with a reward of Rs 10 lakh on his head, ignored repeated pleas from his family. Read More

Numbers To ‘Nazm’: Budget Day ‘Shayari’, ‘Mehfil-E-Sher’ In Parliament, And Quotes That Broke The Internet

The Union Budget 2026 will be presented by Finance Minister Nirmala Sitharaman on Sunday, February 1. Read More

Best Cryptos To Buy Now In 2026: Why Smart Money Is Backing These 3 Top Picks

As 2026 progresses, investors searching for the best crypto to buy now are analysing proven market leaders and high-growth emerging opportunities. Read More

Breaking News: Pakistan PM Shahbaz Sharif Admits Seeking IMF Loans Was Humiliating

Pakistan Prime Minister Shahbaz Sharif has openly admitted that seeking international loans, including the IMF package, involved a degree of humiliation and compromise. Read More

Bihar Govt Seeks CBI Probe Into NEET Aspirant’s Death In Patna Hostel

Show Quick Read Key points generated by AI, verified by newsroom The death of a NEET aspirant at Shambhu Girls’ Hostel in Patna, initially believed to be a case of suicide, is now being treated as murder, Bihar Home Department Minis Read More

Related Articles