Banks across India on 2-day strike against privatisation
United Forum of Bank Union (UFBU), an umbrella body of nine bank unions, has given the call for a two-day nationwide strike on March 15 and 16
Monday March 15, 2021 9:45 AM, ummid.com with inputs from Agencies
New Delhi/Mumbai/Chennai: Over a million employees working in banks across India are on two-day strike starting Monday March 15, 2021 to protest the Narendra Modi government s decision to privatise public sector banks apart from IDBI Bank.
United Forum of Bank Union (UFBU), an umbrella body of nine bank unions, has given the call for a two-day nationwide strike on March 15 and 16 against the privatisation of Public Sector Banks (PSBs) and retrograde banking reforms.
The pan-India strike on March 15-16 has been called by the United Forum of Bank Unions (UFBU), an umbrella body of nine unions. It has claimed that about 10 lakh bank employees and officers of the banks are participating in the strike.
Read more about Banking services hit in Punjab, Haryana as unions protest privatisation on Business Standard. Employees under the aegis of the United Forum of Bank Unions went on a two-day countrywide strike
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.