Bank of Baroda informed stock exchanges that the United Forum of Bank Unions (UFBU) and Akhil Bhartiya Bank of Baroda Officer’s Sangathan have served a strike notice. The action is scheduled for September 11, 2026, September 28 to 30, 2026, and continuously from October 26, 2026.

The bank disclosed the development pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Company Secretary S Balakumar on September 2, 2026.

Strike Details

The UFBU comprises seven unions: AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, and INBOC. Along with the Akhil Bhartiya Bank of Baroda Officer’s Sangathan, these groups cited various issues and demands as the basis for the industrial action.

Operational Impact

The bank stated it is taking necessary steps to ensure the smooth functioning of its branches and offices. However, it cautioned that operations may be affected if the strike materializes on the notified dates.

Bank of Baroda accepted the voluntary retirement of Chief General Manager Saurabh Ravishankar Shukla effective August 31, 2026. The bank disclosed the change in senior management on August 31, 2026, pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.

Shukla served as CGM, Officer on Special Duty for IT Projects at the Baroda Corporate Center in Mumbai. He cited personal and professional aspirations as the reason for his exit. The bank confirmed that a letter of voluntary retirement was enclosed with the disclosure.

Career Overview

Shukla submitted his application for voluntary retirement under the Pension Regulations on June 1, 2026, requesting relief on August 31, 2026. He noted more than two decades of association with the bank. His tenure included roles across Information Technology and Digital functions, contributing to the lender's modernization and transformation journey.

The bank acknowledged his contributions to key initiatives supporting its digital evolution. Shukla expressed gratitude to the board and leadership team for their guidance throughout his career.

Transition

The bank stated that Shukla remains committed to ensuring a smooth transition of responsibilities. He pledged full cooperation during the period leading up to his retirement date.