Bank strike: Banking services to be affected today, over 10 lakh employees to join UFBC s two-day agitation india.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from india.com Daily Mail and Mail on Sunday newspapers.
25,000 staff boycott duty opposing the move to privatise two banks
Banking services were hit across the State as around 25,000 employees and officers went on a two-day strike on Monday, protesting the proposed privatisation of two public sector banks.
The proposal was announced by Union Finance Minister Nirmala Sitharaman during her Union Budget speech in the Parliament.
The bank employees owing allegiance to various constituent unions of the United Forum of Bank Unions (UFBU) boycotted their duties, in response to the nationwide strike call given by the UFBU. The bank employees also staged demonstrations across the State, opposing the move.
2,000 branches remain closed
Nationwide strike impacts public sector banking services in India gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.
Strike cripples banking operations nationwide
March 15, 2021
Bank employees staging a protest in support of the two-day nationwide strike, called by United Forum of Bank Unions, in Hyderabad on Monday - RAMAKRISHNA G
Bank employees staging a protest in support of the two-day nationwide strike, called by United Forum of Bank Unions, in Hyderabad on Monday - RAMAKRISHNA G×
With no clearance of cheques, DDs and pay orders, firms fail to meet advance tax payment deadline
Thousands of customers faced disruption in banking services as employees of public sector banks (PSBs) took to the streets to demonstrate against the proposed privatisation of two PSBs.
Strike hits banking services in districts
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The two-day nationwide strike called by the United Forum of Bank Unions, an umbrella organisation of bank employees and officers, to protest against the proposed privatisation of two public sector banks, affected banking services in the districts on Monday.
In the Union Budget presented last month, Finance Minister Nirmala Sitharaman had announced the privatisation of two banks as part of Centre’s disinvestment proposal. The Unions had called for the strike to oppose the government’s move.
In Erode, over 2,200 employees from 217 public sector branches participated in the strike affecting services such as deposits, withdrawals, cheque clearance and loan approvals. In many branches customers had to wait for long hours as only a few employees were present. Many branches wore a deserted look. Employees also staged a demonstration in the city condemning the proposal and wanted the Centre to drop th