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Why the two-day strike by PSU bank staff won’t be the last of the protests
Why the two-day strike by PSU bank staff won’t be the last of the protests | India Today Insight
The government’s plans to privatise two state-owned banks has staff unions seeing red
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UPDATED: March 17, 2021 00:37 IST
Bank employees protest against the move to privatise public sector banks, at Jantar Mantar, New Delhi, 15th March (Rajwant Rawat) The strike by hundreds of thousands of employees in the public banking sector for two days, March 15 and 16, which has disrupted services across the country, is the first major nation-wide strike related to bank privatisation plans after they were announced in the Union Budget on February 1 this year. Going by the nature of the issue, these protests will not be the last.
Updated Mar 15, 2021 · 06:38 pm Bank employees in New Delhi shout slogans during a protest on Monday in support of the two-day nationwide strike against the proposed privatisation. | PTI
Nine bank unions on Monday started a nationwide two-day strike against the move to privatise public sector banks and “retrograde” reforms, PTI reported. As many as 10 lakh bank employees and officers were expected to take part in the protest.
The United Forum of Bank Union, an umbrella body of nine bank unions, had called for the strike. This will lead to a four-day break in regular operations as banks were already closed on Saturday and Sunday. Services such as deposits and withdrawal at branches, cheque clearance and loan approvals might be affected due to the strike. But ATMs are likely to function as usual.
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