Bank unions have called strikes in September–October 2026 mainly over which demand that remains pending?
- A.Withdrawal of the Performance Linked Incentive scheme
- B.Implementation of five-day banking
- C.Restoration of the Old Pension Scheme
- D.Merger of Regional Rural Banks
Correct answer
Explanation
The correct answer is Implementation of five-day banking. The United Forum of Bank Unions and some other unions in public sector banks, supported by Regional Rural Banks, raised two principal demands: a five-day working week for banks and withdrawal of the Performance Linked Incentive scheme. The Finance Ministry says the strikes are now about the single demand of a five-day week, which is still being examined.
Withdrawal of the PLI scheme is the trap. It was one of the two original demands, but the Government met it by keeping the scheme in abeyance, so it is no longer pending. The Old Pension Scheme and the merger of Regional Rural Banks are not part of these strikes. A one-day strike was held on 11 September 2026; a three-day strike is set for 28 to 30 September and an indefinite one from 26 October 2026.
Read the full article: Government Urges PSB and RRB Staff to Call Off Bank Strikes
Practice Questions
In which year were the 2nd and 4th Saturdays of every month declared holidays for Public Sector Banks?
- A.2012
- B.2015
- C.2019
- D.2020
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In its appeal of 21 September 2026, the Ministry of Finance recalled that the Government, in the interest of bank employees, declared the 2nd and 4th Saturdays of every month as holidays for public sector banks in 2015.
Read the full explanation →By how much was the Staff Welfare Fund of Public Sector Banks enhanced in August 2024?
- A.25%
- B.40%
- C.56%
- D.75%
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The Staff Welfare Fund is money that public sector banks set aside for the welfare of working and retired staff, covering health expenses, canteen subsidies, sports and cultural activities and educational help.
Read the full explanation →On which stock exchanges is the equity share capital of the acquirer listed?
- A.Only the National Stock Exchange of India
- B.Only the Bombay Stock Exchange
- C.The Bombay Stock Exchange and the National Stock Exchange of India
- D.The Calcutta Stock Exchange and the Bombay Stock Exchange
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Kotak Mahindra Bank is described as a scheduled commercial bank licensed by the central bank to carry on banking business, with its equity share capital listed on both these exchanges.
Read the full explanation →Which regulator approved the acquisition of a part of Deutsche Bank India business by Kotak Mahindra Bank?
- A.Securities and Exchange Board of India
- B.Reserve Bank of India
- C.Competition Commission of India
- D.Insurance Regulatory and Development Authority of India
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The competition regulator cleared the proposed combination, which covers both the purchase of the target business and the related referral arrangements between affiliates of the two sides.
Read the full explanation →Which business of Deutsche Bank in India is being acquired by Kotak Mahindra Bank?
- A.Corporate and investment banking
- B.Retail, private banking and wealth management
- C.Custody and fund accounting
- D.Treasury and foreign exchange dealing room
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The target business is precisely the retail banking and private banking segment together with the wealth management arm that the seller runs through its branches in India, and it is moving as a going concern on a slump sale basis.
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