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Bank unions decided to defer their two-day nationwide strike scheduled for March 24 and 25 after receiving positive assurances from the Finance Ministry and IBA on demands including a five-day work week and adequate recruitment. The strike call was made by UFBU, representing over eight lakh employees in various banks, and the decision was taken before the Chief Labour Commissioner during a conciliation meeting. The demands also included withdrawal of recent directives threatening job security, filling vacant positions, and increasing the gratuity ceiling to Rs 25 lakh.
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