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Banks to remain closed for two days due to strike, services to be hit
Banks also informed that they are taking necessary steps to ensure the normal functioning of bank branches and offices. Representative image (Source: Reuters)
Updated: Mar 15, 2021, 10:46 AM IST
Banking services across the country will be affected on Monday and Tuesday due to the nationwide strike of employee organizations to protest against the proposed privatization of public sector banks. Services like deposit and withdrawal, check clearance and loan clearance are likely to be affected due to the strike.
The United Forum of Banking Unions (UFBU), an organization of 9 bank unions, has claimed that about 10 lakh employees and officers of banks will participate in the strike.
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Updated Mar 15, 2021 | 06:11 IST
Services such as deposits and withdrawal at branches, cheque clearance and loan approvals would be affected due to the strike. PSU Bank employees go on a two-day bank strike on March 15,16: Five things to know | Photo Credit: PTI
New Delhi: Around 10 lakh bank employees will go on protest on March 15 and 16 against the privatisation of public sector banks, that was announced during the Union Budget. Services such as deposits and withdrawal at branches, cheque clearance and loan approvals would be affected due to the strike.
FM Nirmala Sitharaman had announced that two public sector banks other than IDBI Bank would be privatised, with the government setting its disinvestment target for FY22 at Rs 1.75 crore.
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