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.
Bank officers’ federation stages protest
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They opposed Centre’s proposal to privatise 2 public sector banks
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United front: Protesters were asked to create awareness on the perils of privatisation among customers.
| Photo Credit: S.R. Raghunathan
They opposed Centre’s proposal to privatise 2 public sector banks
Members of the All India Nationalised Banks Officers’ Federation staged a demonstration at the Canara Bank circle office in the city on Monday as part of the nationwide two-day strike opposing the Union government’s budget proposal to privatise two public sector banks.
Perils of privatisation
About 250 members participated in the demonstration. G.V. Manimaran, the federation’s general secretary, urged the participants to create awareness on the perils of privatisation among customers.
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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