The Bank of Baroda said it is taking all necessary steps for the smooth functioning of the Bank’s Branches and Offices on the day of the strike, in the event the strike materializes, the functioning of the branches and offices may be affected.
The strike comes in the wake of Finance Minister Nirmala Sitharaman s announement in the Union Budget 2021-22 of privatisation of two public sector banks (apart from IDBI Bank) as part of the governmentâs disinvestment drive to generate Rs 1.75 lakh crore. The United Forum of Bank Unions (UFBU), an umbrella body of nine bank unions has decided to call the strike.
The IDBI Bank is already privatised by the government by selling its majority stake to the Life Insurance Corporation of India (LIC) in 2019 and merged 14 public sector banks in the last four years.
State Bank of India explaining the consequences of the strike had said, We inform that, we have been advised by lndian Banks Association lBA that United Forum of Bank Unions UFBU which comprises 9 major Unions, viz. All lndia Bank Employeesâ Association AIBEA, All India Bank Officersâ Confederation AIBOC, National Confederation of Bank Employees NCBE, All lndia Bank Officersâ Association AIBOA, Bank Employe