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Nationwide bank strike today: Will SBI, PNB, BoB remain closed on 27 January? What services will be affected?
MINT· 2026-01-27 01:50
Core Viewpoint - A nationwide bank strike in India, led by the United Forum of Bank Unions (UFBU), is expected to disrupt operations of public sector banks on January 27, following a series of bank holidays, impacting customer services significantly [1][2][3]. Group 1: Impact on Banking Operations - Public sector banks, including State Bank of India (SBI) and Punjab National Bank (PNB), will likely experience closures and service disruptions due to the strike [1][9]. - Services such as cash deposits, withdrawals, cheque clearances, and administrative work at branches of public sector banks are expected to be significantly affected [6][9]. - Digital banking services, including UPI and internet banking, will remain operational despite the strike, ensuring some continuity for customers [6][9]. Group 2: Reasons for the Strike - The strike is primarily driven by employee unions' demands for the implementation of a five-day work week and the declaration of all Saturdays as holidays [7][8]. - A conciliation meeting held on January 23 with the chief labour commissioner did not yield a positive outcome, prompting the unions to proceed with the strike [7]. Group 3: Affected and Unaffected Banks - Private sector banks such as HDFC Bank, ICICI Bank, IDFC First Bank, and Axis Bank are expected to operate normally, as their employees are not part of the unions participating in the strike [5].