Bank of India flags potential branch disruption due to union strike
- United Forum of Bank Unions issued strike notice for Sept 11, Sept 28-30, and from Oct 26, 2026
- Strike involves seven unions including AIBEA, AIBOC, and BEFI
- Bank warned that branch operations may be affected if strike materializes
- Disclosure made under SEBI LODR Regulations 2015
*this image is generated using AI for illustrative purposes only.
Bank of India informed stock exchanges that the United Forum of Bank Unions has issued a strike notice for multiple dates in late 2026, potentially disrupting branch operations.
The bank disclosed the notice pursuant to Regulation 30 and Regulation 46(2)(o) of the SEBI (LODR) Regulations, 2015. The United Forum of Bank Unions (UFBU), comprising seven unions including AIBEA, AIBOC, BEFI, NCBE, AIBOA, INBEF, and INBOC, served the notice citing various issues and demands.
Strike Schedule
The unions have announced strikes on the following dates:
- September 11, 2026
- September 28 to 30, 2026
- Continuous strike from October 26, 2026
Operational Impact
The bank stated it is taking necessary steps to ensure smooth functioning of its branches and offices during the strike days. However, it cautioned that if the strike materializes, the functioning of branches and offices may be affected.
The disclosure was signed by Usha Ramsinghani, Company Secretary, on September 4, 2026.
Historical Stock Returns for Bank of India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +0.28% | +3.20% | -15.84% | +27.67% | +144.52% |
How might the prolonged strike starting in October 2026 impact Bank of India's Q3 and Q4 2026 revenue and net interest margins?
What specific contingency plans has Bank of India implemented to mitigate customer service disruptions during the continuous strike period?
Are other public sector banks likely to face similar union actions, potentially creating a systemic risk for the Indian banking sector?
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