The proposed two-day bank strike, called by fourbank unions following the recent government announcement on amalgamation of 10public sector banks into four, has been called off.

The decision was taken after members of the bank association on Monday met the Finance Secretary and were assured of a positive solution ontheir demands.

Two two-day strike, to be held on September 26 and September27, and followed by two-day weekend, i.e. Saturday and Sunday, was called bybanking unions– All India Bank Officers' Confederation (AIBOC), All India BankOfficers' Association (AIBOA), Indian National Bank Officers' Congress (INBOC),National Organisation of Bank Officers (NOBO).

The banking unions have threatened to go on a strikefollowing to protest against the merger. In a statement, the AIBOC said thatthe unions in the banking sector were opposed to the merger of banks. Theofficials asserted that the organization is protesting for the interest of thegeneral public.

Among other demands, the unions are also seeking theimmediate introduction of five-day a week in full and reduction of cashtransaction hour and regulated working hours.