Cong alleges Centre trying to finish Indian banking industry through privatisation ANI | Updated: Mar 16, 2021 13:51 IST
New Delhi [India], March 16 (ANI): Congress s Lok Sabha Member of Parliament Manickam Tagore condemned the Centre for trying to break the backbone of the banking industry by privatising public sector banks. Bank associations are on strike against the privatisation that the Modi government is carrying out. It is trying to break the backbone of the banking industry, which is unfortunate, Tagore said. As we know, in 2008 the Indian bank system overcame the recession, the reason is simply that the Indian banking system has nationalised bank with lots of checks and balances. The tried and tested method of the Indian banking system is at now at in a breaking point, he alleged.
Nationwide bank strike enters day 2: Check affected services
Nationwide bank strike enters day 2: Check affected services
The two-day strike was called by the UFBU, an umbrella body of nine bank unions, to protest against the proposed decision to privatise two public sector banks. Check which banking services will remain hit today due to the strike:
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UPDATED: March 16, 2021 13:41 IST
Bank employees raise slogans during a protest in support of the two-day natiowide strike, called by UFBU. (Photo: PTI)
Key services across public sector banks in India faced disruption on Tuesday as the nationwide strike called by the United Forum of Bank Unions (UFBU), an umbrella body of nine bank unions, entered the second day.
Bank strike: Centre privatising profit, nationalising loss , says Rahul Gandhi
The Congress leader accused the government of privatising profit and nationalising loss
PTI | March 16, 2021 | Updated 13:09 IST
Congress leader Rahul Gandhi
Taking a dig at the government, Congress leader Rahul Gandhi on Tuesday alleged that selling public sector banks to cronies will compromise the country s financial security.
He also accused the government of privatising profit and nationalising loss . Government of India (GOI) is privatising profit and nationalising loss. Selling PSBs to Modicronies gravely compromises India s financial security, Gandhi tweeted.
The Congress leader also expressed solidarity with the protesting bank employees, who are on a two-day strike against alleged privatisation of public sector banks.
Nationwide Bank Strike Continues To Impact PSB Services On Day 2; Check Details
Customers will be inconvenienced to get services such as cash withdrawals, deposits, cheque clearances, remittance services.
PTI 16 March 2021 File Photo PTI 2021-03-16T13:51:23+05:30 Nationwide Bank Strike Continues To Impact PSB Services On Day 2; Check Details outlookindia.com 2021-03-16T13:52:51+05:30
Bank strike continued for day-two on Tuesday, led by nine unions of public sector banks (PSBs) in the country, opposing government s policy to privatise the lenders.
Customers will be inconvenienced to get services such as cash withdrawals, deposits, cheque clearances, remittance services. Government transactions related to treasury as well as business transactions will also be impacted.
Banking operations in 217 branches across the district remained paralysed for the second day here on Tuesday. Members of United Forum of Bank Unions, an umbrella organisation of nine bank unions, wer