New Delhi, Sept. 27 -- The proposed three-day nationwide bank strike from September 28 to 30 has been deferred after the Indian Banks' Association (IBA) and the United Forum of Bank Unions (UFBU) reached an understanding on Sunday night, September 27.

The UFBU had earlier called for the proposed strike over issues including the demand for a five-day banking week and concerns related to the Performance Linked Incentive (PLI) scheme.

In a circular issued on September 27, the UFBU said that a meeting between the IBA and UFBU was held at 9:30 pm. Following the discussions, the union body said the proposed agitation and strike action from September 28 to 30 would be deferred.

According to an X post by news agency ANI, the UFBU said, "A high...