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Not all banks will be privatised, says Sitharaman as over 10 lakh employees continue strike The Union finance minister said the central government will ensure that the interests of every banking employee was ‘absolutely protected’. Updated Mar 16, 2021 · 07:32 pm A file photo of Union Finance Minister Nirmala Sitharaman. | PTI Union Finance Minister Nirmala Sitharaman on Tuesday tried to assuage the fears of bank employees, who have launched a countrywide stir against the Centre’s policies. The minister assured them that not all state-owned banks will be privatised under the central government’s disinvestment plan. Addressing a Cabinet briefing, Sitharaman said that the public sector enterprise policy “very clearly” stated that the Centre will continue operating public sector banks. “So, just to quickly say that all private banks will be sold off, is not right,” the finance minister said. ....
URL copied Image Source : PTI Union Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha, during the Budget Session of Parliament, in New Delhi. Amid bank strike over the proposed privatisation of the public sector banks, Union Minister Nirmala Sitharaman on Tuesday said not all banks are going to be privatised adding the interests of the employees will be taken care of. We have announced a Public Enterprise Policy, where we have identified 4 areas where public sector presence will be there, in this, the financial sector too is there. Not all banks are going to be privatized, she said. Interests of workers of banks which are likely to be privatized will absolutely be protected - whether their salaries or scale or pension, all will be taken care of, Sitharaman added. ....
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 branches likely to see more footfalls today Updated: Updated: Two-day stir against privatisation ends Share Article Two-day stir against privatisation ends Public sector bank branches are expected to receive more footfalls when they open on Wednesday after a two-day strike against privatisation of banks that saw thousands of employees participating. It appears imminent, but will not be difficult to manage as usually banks have more customers visiting the branches for transactions during the first week, sources among bankers said. But with the branches set to open after four days – second Saturday, Sunday and two days’ strike – numbers of customers, especially in rural areas, seeking to access various services are likely to be higher. ....
Banking services hit across country due to 2-day bank strike On the first day of the strike, about 85 lakh cheques and other bank instruments were not cleared by bank branches in Mumbai alone. BusinessToday.In | March 16, 2021 | Updated 22:40 IST The United Forum of Bank Unions had called the two-day strike to protest against the Centre s decision to privatise public sector banks. The two-day strike called by bank employees union, ending Tuesday, severely hit banking services across the country. The United Forum of Bank Unions (UFBU), an umbrella organisation of nine bank unions, had called the two-day strike to protest against the Centre s decision to privatise public sector banks. ....