Indian bank unions defer strike after IBA talks; Saturday holiday panel formed

Indian bank unions (UFBU) have deferred a three-day nationwide strike after reaching an understanding with the Indian Banks' Association (IBA), which will form a committee to discuss declaring remaining Saturdays as holidays. The strike's deferral removes an immediate disruption to banking operations, but the unresolved issue could resurface. This is a labor-relations development with limited direct market impact, though it reduces operational risk for Indian financial institutions.