India, March 21 -- A nationwide bank strike previously called for March 24 and 25 was put on hold by the United Forum of Bank Unions (UFBU), on Friday.

According to sources, initially, negotiations with the Indian Banks' Association (IBA) had hit an impasse, prompting the UFBU to plan for industrial action. The bank unions have been pressing for several key issues, including recruitment drives, job security, and the implementation of a five-day working week.

The decision to put the strike on hold came after the UFBU held discussions with the Chief Labour Commissioner, earlier in the day. These talks addressed their significant demands and aimed at reaching a mutual agreement.

The united forum's announcement will ease concerns for both ...