Banks to remain closed for two days due to strike, services to be hit
Banks also informed that they are taking necessary steps to ensure the normal functioning of bank branches and offices. Representative image (Source: Reuters)
Updated: Mar 15, 2021, 10:46 AM IST
Banking services across the country will be affected on Monday and Tuesday due to the nationwide strike of employee organizations to protest against the proposed privatization of public sector banks. Services like deposit and withdrawal, check clearance and loan clearance are likely to be affected due to the strike.
The United Forum of Banking Unions (UFBU), an organization of 9 bank unions, has claimed that about 10 lakh employees and officers of banks will participate in the strike.
2-Day Nationwide Bank Strike From Today, Key Services Hit 2-Day Nationwide Bank Strike From Today, Key Services Hit Services such as deposits and withdrawal at branches, cheque clearance, and loan approvals would be affected due to the strike. However, ATMs are likely to remain functional.
Over 10 lakh bank employees and officers will participate in the strike. (Representational)
New Delhi:
The United Forum of Bank Union (UFBU), an umbrella body of nine bank unions, has called for a two-day nationwide strike on March 15 and 16 against the privatisation of Public Sector Banks and retrograde banking reforms.
Over 10 lakh bank employees and officers will participate in the strike.
Bank strike today: Cheque clearance affected
India
Published: Monday, March 15, 2021, 12:04 [IST]
New Delhi, Mar 15: Banking operations including cheque clearance across the country got affected on Monday as bankers under the aegis of the United Forum of Bank Unions (UFBU) have gone on a nationwide strike to protest against the proposed privatisation of two state-owned lenders.
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.
However, branches of private sector lenders like ICICI Bank, HDFC Bank and Axis Bank are open as they are not part of the strike.
The BSE Bankex index was trading at 38,927.62, down by 1,067.96 points or by 2.67 per cent, while Nifty PSU Bank index was quoting at 2,260.40, down 2.23 per cent, led by decline in SBI, Indian Bank, Bank of India, PNB, J&K Bank