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Nationwide bank strike enters day 2; unions warn of stir similar to farmers

URL copied Image Source : PTI Employees of Allahabad Bank stage a protest during a two-day nationwide banks strike against the privatisation of Public Sector Banks and retrograde banking reforms in Patna on Monday. The two-day bank strike led by nine unions of public sector banks (PSBs) in the country has severely affected the banking operations. Customers are facing inconvenience in parts of the country due to the strike called against the Centre s policy to privatise the lenders.  The strike has affected services like cash withdrawals, deposits, cheque clearances, remittance services. Government transactions related to treasury as well as business transactions have also been impacted. 

Bank strike banking services affected PSU banks ATMs cash withdrawal loans

URL copied Image Source : PTI A branch of State Bank of India (SBI) wears a deserted look during a two-day nationwide strike, called by United Forum of Bank Unions (UFBU), to protest against the proposed privatisation of two state-owned lenders, in Bikaner. Banking services such as cash withdrawals, deposits, cheque clearing and business transactions were impacted across the country on Monday, the day one of the PSU bank union s strike, against the proposed privatisation of two more state-owned lenders. United Forum of Bank Unions (UFBU), an umbrella body of nine unions, had given a strike call for March 15 and 16, and claimed that about 10 lakh bank employees and officers of the banks will participate in the strike.

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