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2-Day Bank Strike: Banking Services To Be Hit As 10 Lakh Employees Join Protest

2-Day Nationwide Bank Strike From Today, Key Services Hit 2-Day Nationwide Bank Strike From Today, Key Services Hit Services such as deposits and withdrawal at branches, cheque clearance, and loan approvals would be affected due to the strike. However, ATMs are likely to remain functional. Over 10 lakh bank employees and officers will participate in the strike. (Representational) New Delhi: The United Forum of Bank Union (UFBU), an umbrella body of nine bank unions, has called for a two-day nationwide strike on March 15 and 16 against the privatisation of Public Sector Banks and retrograde banking reforms. Over 10 lakh bank employees and officers will participate in the strike.

Services hit after two-day nationwide bank strike | United Forum of Bank Unions News

(Image source from: Livemint.com) Services hit after two-day nationwide bank strike:- United Forum of Bank Unions (UFBU), the body of nine unions is on a two-day nationwide strike that starts from today against the privatization of the lenders. Finance Minister Nirmala Sitharaman announced the privatization of two public sector banks last month during the Union Budget presentation in the process of a disinvestment plan. The Indian government already privatized IDBI Bank in 2019 after selling the majority stake and merged 14 public sector banks in the last four years. With this two-day strike, the transactions of the banks came to a halt for four complete days in a row with Saturday and Sunday being holidays.

Bank strike: Services to be hit as 10 lakh employees join protest | India News

Nationwide strike impacts banking services: Highlights Top Searches Nationwide strike impacts banking services: Highlights TIMESOFINDIA.COM / Updated: Mar 15, 2021, 15:26 IST FacebookTwitterLinkedinEMail The bank unions are protesting against the privatisation of two public sector banks. NEW DELHI: Nine bank unions under the banner of the United Forum of Bank Union (UFBU) on Monday started a nationwide two-day strike against the privatisation of public sector banks and retrograde banking reforms. As many as 10 lakh bank employees are expected to participate in the strike. Banks were already closed on March 13 (second Saturday) and March 14 (Sunday), leading to a four-day break till Tuesday in regular banking operations.

Bank strike: What are main demands of protesting unions?

Bank strike: What are main demands of protesting unions? Bank strike on March 15: The unions had called the strike after the conciliation meeting with the Union Finance Ministry on March 4, 9 and failed BusinessToday.In | March 15, 2021 | Updated 18:20 IST Bank unions have been asking the government to take back the privatisation and merger plans, which are likely to cause job losses Bank Unions are observing a nationwide strike on March 15, 16 against government s policy of privatising public sector banks (PSBs). The bank unions that come under the United Forum of Bank Unions (UFBU) are demanding a rollback of the Centre s divestment plan aimed at garnering Rs 1.75 lakh crore for the exchequer. Besides this, the protesting unions have also raised their voice against the merger of public sector banks and retrograde banking reforms .  

Bank Strike: Key Services Hit As 2-Day Nationwide Bank Strike Begins: 10 Points

Key Services Hit As 2-Day Nationwide Bank Strike Begins: 10 Points The strike comes after Union Finance Minister Nirmala Sitharaman had in the Budget announced the privatisation of two public sector banks as part of the government s disinvestment drive to generate Rs 1.75 lakh crore. Updated: March 15, 2021 1:33 pm IST All India Bank Strike: ATMs are likely to remain functional across the country New Delhi: Key banking operations across the country were impacted today as nine unions called for a two-day nationwide strike against the proposed privatisation of Public Sector Banks and retrograde banking reforms . As many as 10 lakh bank employees are expected to participate in the strike called by the United Forum of Bank Unions (UFBU), an umbrella body of nine bank unions. Banks across the country were shut on Saturday and Sunday - and will not open today or tomorrow due to the strike - leading to a four-day halt of services.

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