India, March 19 -- A nationwide bank strike is set to come next week, led by the United Forum of Bank Unions (UFBU) and this may bring a significant portion of India's financial sector to a standstill.

This comes after talks for certain demands with the Indian Banks' Association (IBA) failed.

The bank strike will take place on March 24 and 25 next week, which is a Monday and Tuesday respectively.

The strikes will impact public sector, private sector, and regional rural banks as well, potentially leading to four days of interrupted services due to Saturday and Sunday being bank holidays as well since March 22 is a fourth Saturday.

"Banking services like clearing house, cash transaction, remittances, advances will be affected for four d...