The proposed three-day nationwide bank strike may have been deferred, but bank employees are now facing a different challenge: a seven-day working week. The United Forum of Bank Unions (UFBU) deferred the nationwide strike just hours before it was scheduled to begin, following an eleventh-hour meeting with the Indian Banks' Association (IBA).&nbsp;The decision has also sparked a wave of memes online, with several posts highlighting the plight of bank employees who had already worked on Sunday in preparation for the planned strike. With the strike deferred, employees are expected to work from Monday to Friday, followed by Saturday, October 3. This effectively means that some bank employees will be working for seven consecutive days this week.&nbsp;One meme features the text, "Bank Employees who worked on Sunday watching 3-day strike getting called off," alongside a video of Rajinikanth from the film Jailer looking visibly disappointed. Another viral meme read, "Bank employees when the strike gets cancelled after they worked on a Sunday." The post uses a scene featuring Salman Khan's character from Jaan-E-Mann to capture the disappointment.&nbsp;Several other similar memes have surfaced across social media, creatively using popular movie scenes, reactions and graphics to depict how employees may be feeling after the strike was deferred. According to a statement released by the UFBU, representatives of the bank unions met the IBA at 9.30 pm on Sunday for discussions on the proposed strike.&nbsp;Following the meeting, both sides reached an understanding on several points, leading to the decision to defer the nationwide strike. The development came just hours before the planned industrial action, leaving employees who had already worked on Sunday facing a regular working week followed by Saturday's duty.&nbsp;Also Read: <a href="https://www.wionews.com/india-news/boeing-737-max-software-glitch-could-96-indian-planes-be-affected-what-we-know-1790579662459">Boeing 737 MAX software glitch: Could 96 Indian planes be affected? What we know</a><h2>Here are some of the reactions on social media</h2>

<blockquote class="twitter-tweet" data-media-max-width="560">Bank employees when strike gets cancelled after they worked on a Sunday <a href="https://t.co/EG3iE9y7Qa">pic.twitter.com/EG3iE9y7Qa</a>&mdash; Sagar (@sagarcasm) <a href="https://x.com/sagarcasm/status/2104291626915156427?ref_src=twsrc%5Etfw">September 27, 2026</a></blockquote> <script async src="https://platform.x.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet" data-media-max-width="560">3 day bank strike called off Those who worked on Sunday <a href="https://t.co/Wo2rcsHi1A">pic.twitter.com/Wo2rcsHi1A</a>&mdash; Prayag (@theprayagtiwari) <a href="https://x.com/theprayagtiwari/status/2104280425321595343?ref_src=twsrc%5Etfw">September 27, 2026</a></blockquote> <script async src="https://platform.x.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet" data-media-max-width="560">Bank Employees who worked on Sunday watching 3 day strike getting called off <a href="https://t.co/kGYf5TxV4t">pic.twitter.com/kGYf5TxV4t</a>&mdash; Abhishek (@be_mewadi) <a href="https://x.com/be_mewadi/status/2104277526327787641?ref_src=twsrc%5Etfw">September 27, 2026</a></blockquote> <script async src="https://platform.x.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet" data-media-max-width="560">3-day bank strike called off, aur Sunday ko bhi kaam karwa liya 💀 RBI- <a href="https://t.co/XWnkFkGZaa">pic.twitter.com/XWnkFkGZaa</a>&mdash; Desi Bhayo (@desi_bhayo88) <a href="https://x.com/desi_bhayo88/status/2104271719771119623?ref_src=twsrc%5Etfw">September 27, 2026</a></blockquote> <script async src="https://platform.x.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet">3 DAYS BANK STRIKE CALLED OFF BANK EMPLOYEES WHO WORKED ON SUNDAY😂 <a href="https://t.co/xRUinmZqDv">pic.twitter.com/xRUinmZqDv</a>&mdash; Murleee𝕏 (@Covi1979749381) <a href="https://x.com/Covi1979749381/status/2104461359589281949?ref_src=twsrc%5Etfw">September 28, 2026</a></blockquote> <script async src="https://platform.x.com/widgets.js" charset="utf-8"></script>

Bank strike deferred after UFBU-IBA talks, leaving employees facing a seven-day work week. See why bank strike memes are going viral online

The proposed three-day nationwide bank strike may have been deferred, but bank employees are now facing a different challenge: a seven-day working week. The United Forum of Bank Unions (UFBU) deferred the nationwide strike just hours before it was scheduled to begin, following an eleventh-hour meeting with the Indian Banks' Association (IBA). The decision has also sparked a wave of memes online, with several posts highlighting the plight of bank employees who had already worked on Sunday in preparation for the planned strike. With the strike deferred, employees are expected to work from Monday to Friday, followed by Saturday, October 3. This effectively means that some bank employees will be working for seven consecutive days this week. One meme features the text, "Bank Employees who worked on Sunday watching 3-day strike getting called off," alongside a video of Rajinikanth from the film Jailer looking visibly disappointed. Another viral meme read, "Bank employees when the strike gets cancelled after they worked on a Sunday." The post uses a scene featuring Salman Khan's character from Jaan-E-Mann to capture the disappointment. Several other similar memes have surfaced across social media, creatively using popular movie scenes, reactions and graphics to depict how employees may be feeling after the strike was deferred. According to a statement released by the UFBU, representatives of the bank unions met the IBA at 9.30 pm on Sunday for discussions on the proposed strike. Following the meeting, both sides reached an understanding on several points, leading to the decision to defer the nationwide strike. The development came just hours before the planned industrial action, leaving employees who had already worked on Sunday facing a regular working week followed by Saturday's duty. Also Read: Boeing 737 MAX software glitch: Could 96 Indian planes be affected? What we know Here are some of the reactions on social media

Bank strike deferred after late-night IBA talks, leaving employees who worked Sunday facing a seven-day work week and sparking viral memes

'Scam 2026': Bank strike called off after Sunday work, memes take over social media

Bad loans in the Indian banking system could soar to almost 15% of total loans by March 2021 as the coronavirus crisis leads to rising levels of household and corporate debt, the Financial Stability and Development Council said in a report published on Friday.

Indian banks have been battling rising bad loans for years but managed to get gross non-performing assets (NPAs) down to 8.5% in March, compared to 9.3% in September 2019, following strict new rules imposed by the central bank.

As India`s economy feels the impact of the COVID-19 pandemic, macro stress tests indicate that the gross NPA ratio of all banks could increase to 12.5% by next March under a baseline scenario and may escalate to 14.7% under a very severely stressed scenario, the report said. It did not give details of that scenario.

<a href="https://www.wionews.com/india-news/coffee-day-owed-472-million-by-deceased-founders-firm-report-315761">Also read|&nbsp;Coffee Day owed $472 million by deceased founder's firm: report</a>

"The pandemic has the potential to amplify financial vulnerabilities, including corporate and household debt burdens in the case of severe economic contraction," the report said.

The semi-annual report is compiled by the Financial Stability and Development Council - an umbrella group of regulators - and released by the Reserve Bank of India.

Financial sector risks

The report highlighted that relief measures for borrowers introduced as part of measures to help India`s economy through the pandemic, such as deferments of loan and interest payments for six months, may have implications for the financial health of banks, going forward.

"Nearly half of the customers accounting for around half of outstanding bank loans opted to avail the benefit of the relief measures," it stated.

The report also highlighted the problems for over 9,500 shadow banks, known as non-banking financial companies (NBFCs), in India, which have been battling a liquidity crisis over the last couple of years.

"The declining share of market funding for NBFCs is a concern as it has the potential to accentuate liquidity risk for NBFCs as well as for the financial system," the report stated.

However, the report said contagion risks through financial networks have moderated due to the higher capital buffers introduced in recent years and a shrinking interbank market.

Bad loans in the Indian banking system could soar to almost 15% of total loans by March 2021 as the coronavirus crisis leads to rising levels of household and corporate debt, the Financial Stability and Development Council said in a report published on Friday.

Bad loans in the Indian banking system could soar to almost 15% of total loans by March 2021 as the coronavirus crisis leads to rising levels of household and corporate debt, the Financial Stability and Development Council said in a report published on Friday. Indian banks have been battling rising bad loans for years but managed to get gross non-performing assets (NPAs) down to 8.5% in March, compared to 9.3% in September 2019, following strict new rules imposed by the central bank. As India`s economy feels the impact of the COVID-19 pandemic, macro stress tests indicate that the gross NPA ratio of all banks could increase to 12.5% by next March under a baseline scenario and may escalate to 14.7% under a very severely stressed scenario, the report said. It did not give details of that scenario. Also read| Coffee Day owed $472 million by deceased founder's firm: report "The pandemic has the potential to amplify financial vulnerabilities, including corporate and household debt burdens in the case of severe economic contraction," the report said. The semi-annual report is compiled by the Financial Stability and Development Council - an umbrella group of regulators - and released by the Reserve Bank of India. Financial sector risks The report highlighted that relief measures for borrowers introduced as part of measures to help India`s economy through the pandemic, such as deferments of loan and interest payments for six months, may have implications for the financial health of banks, going forward. "Nearly half of the customers accounting for around half of outstanding bank loans opted to avail the benefit of the relief measures," it stated. The report also highlighted the problems for over 9,500 shadow banks, known as non-banking financial companies (NBFCs), in India, which have been battling a liquidity crisis over the last couple of years. "The declining share of market funding for NBFCs is a concern as it has the potential to accentuate liquidity risk for NBFCs as well as for the financial system," the report stated. However, the report said contagion risks through financial networks have moderated due to the higher capital buffers introduced in recent years and a shrinking interbank market.

Indian banks' bad debt ratio could hit nearly 15% by March in worst-case scenario: Report

Indian Banks' Association (IBA) has submitted a list of recommendations to both the government and the Reserve Bank of India (RBI) to ease the financial burden faced by various sectors due to the outbreak of coronavirus pandemic.

Some of the key recommendations included blanket credit guarantee for MSME loans, one-time loan restructuring for sectors hit hard by COVID-19 and raising of moratorium and relief for the NBFC sector, sources said.

As per the RBI's norms, restructuring of loans is prohibited and resolution of default cases are dealt as per the Insolvency and Bankruptcy Code (IBC).

Based on the representation made by various industry associations, a detailed and comprehensive list of suggestions have been submitted to the government and the RBI for addressing problems faced by various sectors including MSME in general and banking sector in particular, sources said.

It is for the regulator and the government to take an informed decision on those suggestions depending on their assessment and keeping in mind prudential norms, sources added.

However, the IBA in its meeting last week was of the view that this is an extraordinary situation and response to this should be extraordinary.

Bankers believed that some safety net has to be created for both industry and banks for survival first, sources said, adding, revival would follow.

Various estimates indicate a drastic reduction in GDP growth forecast for the current fiscal due to the impact of COVID-19 and consequent lockdown.

As per the World Bank's latest assessment, India is expected to grow 1.5 per cent to 2.8 per cent. Similarly, the IMF projected a GDP growth of 1.9 per cent for India in 2020, as the global economy hits the worst recession since the Great Depression in the 1930s.

Earlier this month, SBI Chairman Rajnish Kumar had said that the IBA will request for raising the loan moratorium period from the existing three months to 5-6 months depending on the evolving situation.

Kumar, who is also the chairman of the IBA, had said that there was also demand government guarantees against loans to certain risk-prone sectors to revive credit flow in the economy post lockdown.&nbsp;

Indian Banks' Association (IBA) has submitted a list of recommendations to both the government and the Reserve Bank of India (RBI) to ease the financial burden faced by various sectors due to the outbreak of coronavirus pandemic.

Indian Banks' Association (IBA) has submitted a list of recommendations to both the government and the Reserve Bank of India (RBI) to ease the financial burden faced by various sectors due to the outbreak of coronavirus pandemic. Some of the key recommendations included blanket credit guarantee for MSME loans, one-time loan restructuring for sectors hit hard by COVID-19 and raising of moratorium and relief for the NBFC sector, sources said. As per the RBI's norms, restructuring of loans is prohibited and resolution of default cases are dealt as per the Insolvency and Bankruptcy Code (IBC). Based on the representation made by various industry associations, a detailed and comprehensive list of suggestions have been submitted to the government and the RBI for addressing problems faced by various sectors including MSME in general and banking sector in particular, sources said. It is for the regulator and the government to take an informed decision on those suggestions depending on their assessment and keeping in mind prudential norms, sources added. However, the IBA in its meeting last week was of the view that this is an extraordinary situation and response to this should be extraordinary. Bankers believed that some safety net has to be created for both industry and banks for survival first, sources said, adding, revival would follow. Various estimates indicate a drastic reduction in GDP growth forecast for the current fiscal due to the impact of COVID-19 and consequent lockdown. As per the World Bank's latest assessment, India is expected to grow 1.5 per cent to 2.8 per cent. Similarly, the IMF projected a GDP growth of 1.9 per cent for India in 2020, as the global economy hits the worst recession since the Great Depression in the 1930s. Earlier this month, SBI Chairman Rajnish Kumar had said that the IBA will request for raising the loan moratorium period from the existing three months to 5-6 months depending on the evolving situation. Kumar, who is also the chairman of the IBA, had said that there was also demand government guarantees against loans to certain risk-prone sectors to revive credit flow in the economy post lockdown.

Double moratorium period to 6 months, provide credit guarantee for MSME loans: IBA to RBI