Feature Post

UFBU Calls Off Nationwide Bank Strike on 24th and 25th Mar 2025 After Assurances from Finance Ministry and IBA

I n a significant development on March 21, 2025, the United Forum of Bank Unions (UFBU) has decided to call off their two-day nationwide strike, which was originally planned for March 24 and 25. This decision was made after the UFBU received positive reassurances from both the Finance Ministry and the Indian Banks’ Association (IBA) regarding their key demands. The banking unions, under the umbrella body of UFBU, represent employees from nine major unions across the country, including AIBEA, AIBOC, NCBE, AIBOA, and BEFI. The unions had earlier called for the nationwide strike to protest against several ongoing issues that they believe impact the welfare and job security of bank employees. Key Issues Behind the Proposed Strike The strike was initially called by UFBU to address a range of pressing concerns, some of which have been lingering for years. The union's main demands included: Five-Day Workweek for Bank Employees:  One of the most anticipated demands was the implementation o...
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Rate Summary as per Policy Announcement on 9th Oct 2020



 1. Repo Rate - 

There is no change. Repo Rate is the fixed interest rate at which the RBI provides overnight liquidity to banks against the collateral of government and other approved securities under the Liquidity Adjustment Facility (LAF). Current Repo Rate is 4%.


2. Reverse Repo Rate - 

There is no change in Reverse Repo Rate too. The Reverse Repo Rate is the fixed interest rate at which the RBI absorbs liquidity, on an overnight basis, from banks against the collateral of eligible government securities under the Liquidity Adjustment Facility (LAF). Current Reverse Repo Rate is 3.35%.


3. Marginal Standing Facility (MSF) - 

There is no change in the Marginal Standing Facility (MSF) rate. The MSF or Marginal Standing Facility (MSF) Rate is the rate at which RBI lends funds overnight to scheduled banks against government securities. Current MSF Rate is 4.25%.


4. Bank Rate - 

There is no change in Bank Rate too. Bank rate is the rate at which the Reserve Bank of India (RBI) provides the loan to commercial banks without any security. Current Bank Rate is 4.25%

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