Bank employees' organizations have warned of a two-day strike from 31 January. Bank employees are demanding an increase in salaries. The strike has been called by the United Forum of Bank Unions (UFBU). It is the body of nine employee organizations including All India Bank Officers Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organization of Bank Workers. AIBOC President Sunil Kumar said that no solution was reached to the meeting held on Monday in front of the Chief Labor Commissioner. Therefore, the workers' organizations will continue the strike.

The salary revision case of bank employees is pending since November 2017. AIBEA Secretary General CH Venkatachalam said in a statement that the Indian Banks' Association (IBA) has not given any clear confidence. Due to this, the notice given for the strike has not been withdrawn. He said, "With no change in the IBA's stance, we have to go on strike, apart from this there is no option left. Work will be affected due to the strike. In view of this, banks appeal to customers for cooperation. But it has been imposed on us by the bank management and IBA.

Several banks, including the State Bank of India (SBI), have told customers that the two-day nationwide strike from January 31 will affect operations to some extent. If the proposed strike occurs, it will happen as the budget session begins. The 2020-21 budget will be presented on 1 February.