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Banks to remain closed for four days from March 13

Banks unions call for two-day strike against proposed privatisation of PSBs

Banks unions call for two-day strike against proposed privatisation of PSBs SECTIONS Last Updated: Mar 12, 2021, 10:30 AM IST Share Synopsis United Forum of Bank Unions (UFBU), an umbrella body of nine unions, has given a call for a two-day strike from March 15 to protest against the proposed privatisation of two state-owned lenders. (Representative image) United Forum of Bank Unions (UFBU), an umbrella body of nine unions, has given a call for a two-day strike from March 15 to protest against the proposed privatisation of two state-owned lenders. In the Union Budget presented last month, finance minister Nirmala Sitharaman had announced the privatisation of two public sector banks (PSBs) as part of its disinvestment plan.

Privatisation: Bank staff plan Mar 15-16 stir

Updated: Share Article AAA The All India Bank Employees Association (AIBEA) has decided to go ahead with a two-day nationwide strike on March 15 and 16 against the plan to privatise two public sector banks (PSBs). The government and the unions had failed to reach common ground at conciliation meetings, AIBEA said. “Conciliation meetings were held between the representatives of government and the unions on March 4, 9 and 10,” said AIBEA general secretary C.H. Venkatachalam. “We were ready to reconsider. if the government agreed to defer its decision to privatise two PSBs,” he added. “The Finance Ministry representative could not give any such commitment. We are opposing privatisation in public interest and have decided to proceed with the strike,” he said. According to him, more than 10 lakh employees, including officers and managers, of various banks will participate in the strike.

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