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Cash transactions hit as bank employees go on two-day strike

25,000 staff boycott duty opposing the move to privatise two banks
Banking services were hit across the State as around 25,000 employees and officers went on a two-day strike on Monday, protesting the proposed privatisation of two public sector banks.
The proposal was announced by Union Finance Minister Nirmala Sitharaman during her Union Budget speech in the Parliament.
The bank employees owing allegiance to various constituent unions of the United Forum of Bank Unions (UFBU) boycotted their duties, in response to the nationwide strike call given by the UFBU. The bank employees also staged demonstrations across the State, opposing the move.
2,000 branches remain closed ....

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Bank unions call for strike in March 15, 16 against privatization

By
siliconindia | Wednesday, 10 February 2021, 04:16 Hrs
Bank unions on Tuesday called for a two-day strike starting March 15, against the proposed privatisation of banks.
During a meeting in Hyderabad on Tuesday, the United Forum of Bank Unions also decided to hold a day long Dharna (protest) in all state capitals on February 19 followed by relay dharnas from February 20 to March 10 in all states, districts and towns.
A statement by the All-India Bank Employees Association said that the meeting discussed the various announcements made in the budget regarding reform measures including privatisation of IDBI Bank and two public sector banks and setting up of bad bank. ....

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