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Cong alleges Centre trying to finish Indian banking industry through privatisation

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.

Strike called by UFBU enters Day 2, banks remain shut in Mumbai, Panchkula, Siliguri

Banks remain shut on the second day, in the wake of a two-day nationwide strike. (Photo/ANI) Strike called by UFBU enters Day 2, banks remain shut in Mumbai, Panchkula, Siliguri ANI | Updated: Mar 16, 2021 12:35 IST Mumbai, Panchkula, Siliguri (Maharashtra, Haryana, West Bengal) [India], March 16 (ANI): Bank employees continued with their nationwide strike on Tuesday, for the second day, following the call of the United Forum of Bank Unions (UFBU). Like all other parts of the country, it has impacted services and operations in Mumbai, Panchkula and Siliguri. The strike called by the UFBU against privatisation of Public Sector Banks and retrograde banking reforms .

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