Indian Banks' Association

After a 9:30 pm meeting, IBA agreed to form a committee on remaining Saturday holidays and discuss PLI changes, including the scheme for Scale IV and above. [1] source: NDTV Profit[3] source: Business Today Its agreement with UFBU was followed by the deferral of a planned nationwide bank strike, linking the discussions to the continuity of branch banking services. [4] source: Mint[5] source: Mint

The strike had been scheduled for September 28 to 30 and was described as a three-day action. [2] source: The Hindu BusinessLine[5] source: Mint IBA and UFBU agreed to form a high-level committee on five-day banking, while the proposal for a five-day work week remained under committee review. [2] source: The Hindu BusinessLine[5] source: Mint Their discussions also covered PLI changes, with reports specifying Saturday holidays and PLI for Scale IV and above among the matters under discussion. [1] source: NDTV Profit[3] source: Business Today Following the deferral, banks were to remain open on September 29-30, and banks were set to close on 2 October; UPI, ATMs, NEFT and RTGS remained available. [4] source: Mint The planned strike had raised concerns about access to cash, branch banking and settlement services for retailers and consumers. [6] source: Mint