UCO Bank receives UFBU strike notice for late September and October 2026
- UCO Bank received a strike notice from UFBU for September 28-30 and October 26 onwards
- The action covers seven constituent unions including AIBEA and AIBOC
- Bank operations may be affected despite continuity measures
- Disclosure made under SEBI Regulation 30 on September 10, 2026
*this image is generated using AI for illustrative purposes only.
UCO Bank disclosed on September 10, 2026, that it has received a strike notice from the United Forum of Bank Unions (UFBU). The union plans industrial action from September 28 to September 30, followed by a continuous strike starting October 26.
The bank informed the National Stock Exchange of India Ltd and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Vikash Gupta, Company Secretary.
Strike Timeline and Demands
The UFBU represents seven constituent unions: AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBOC, and INBEF. The notice cites various issues and demands as the basis for the proposed action.
| Strike Phase | Dates | Status |
|---|---|---|
| Initial Action | September 28 to 30, 2026 | Planned |
| Continuous Strike | From October 26, 2026 | Planned |
The bank noted that while it has taken necessary steps to ensure continuity of operations, branch and office functioning may be affected if the strike materialises.
What the Numbers Show
The strike notice references an initial date of September 11, 2026, before specifying the actual strike period beginning September 28. This discrepancy suggests a potential administrative error in the union's communication or a shift in strategy between the initial notice and the final decision.
Historical Stock Returns for UCO Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.50% | -2.17% | -9.62% | -8.83% | -16.43% | +68.03% |
How might the two-week gap between the initial strike and the continuous action impact UCO Bank's Q3 2026 financial performance and customer retention?
What specific contingency measures has UCO Bank implemented to mitigate operational disruptions during the continuous strike starting October 26?
Will the UFBU's industrial action at UCO Bank trigger a broader wave of strikes across other public sector banks in India?
15
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
