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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.Â
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.Â
Nationwide Bank Strike: Cheques worth Rs 16,500 crore got stuck sentinelassam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sentinelassam.com Daily Mail and Mail on Sunday newspapers.
Bank branches likely to see more footfalls today
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Two-day stir against privatisation ends
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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.
Not all banks will be privatised, says Nirmala Sitharaman
Sitharaman said the decision to privatise banks is a well-thought-out one. She said that the government wants the bank to get more equity and to meet the aspirations of the country
BusinessToday.In | March 16, 2021 | Updated 18:27 IST
Nirmala Sitharaman says to say that all public banks will be sold off is not right
Amid the ongoing nationwide bank strike, Finance Minister Nirmala Sitharaman tried to assuage fears at a press conference on Tuesday. The minister was addressing a Cabinet briefing, when she said that the public sector enterprise policy very clearly states that the Centre will continue to operate public sector banks. So, just to quickly say that all public banks will be sold off, is not right, she said.
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.