New Delhi, Sept. 27 -- The 3-day bank strike has been deferred, the United Forum of Bank Unions *UFBU) has confirmed in a statement. The bank strike was supposed to take place from 28 to 30 September.

"On 27 September at 9:30 PM, there was a meeting between IBA and UFBU. After due deliberations, it was decided that: a high-level committee of IBA and UFBU will be formed immediately to deliberate on the issue of declaring the remaining Saturdays as holidays," ANI quoted UFBU as stating.

"This committee will explore all possible alternatives; discuss with all stakeholders, and work out a solution acceptable to all stakeholders and, more importantly, the customers," UFBU wrote in its statement.

"As regards the PLI Scheme for Scale IV and a...