The announcement comes from the United Forum of Bank Unions, or UFBU, which represents more than 90% of the banking workforce in India. The stated reason for the action is unresolved demands. However, the report does not identify those demands or explain which issues the unions want addressed.

The announced schedule sets out two stages of September action: a strike on September 11 and another spell covering September 28, 29 and 30. These dates are followed by the proposed indefinite action beginning October 26. Unlike the September schedule, no closing date has been given for that later phase.

The October action is conditional on the demands remaining unsettled. The report does not give a year for the announced dates, details of any negotiations, or a bank-wise participation list. It also does not state what arrangements, if any, banks would make for customers during the announced strike periods.