If believe on the recent development for settlement of 11th Bipartite Wage Revision for Public Sector bank employees, 5 Days banking is on card for them post settlement.
It is hinted that Indian Banks’ Association (IBA) is agreed on the demand of Bankers’ for 5 Days a week banking. The authenticity of news is not yet confirm and it is also not yet officially announced by neither IBA nor UFBU.
This is also partially confirmed that this may be implemented by Dec.1, 2018.
It is also informed that business hours for banks will be extended till 6 PM. Banker’s Union are opposing the extension of working hours till 6 PM.