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GOI is privatising profit and nationalising loss: Rahul

Send Congress leader Rahul Gandhi has attacked the government over privatization of banks and extended his solidarity to the bank employees, who are laready on a two-day strike. New Delhi: GOI is privatising profit & nationalising loss. Selling PSBs to Modicronies gravely compromises India s financial security. I stand in solidarity with the striking bank employees, Gandhi tweeted.   The Congress has extended support to the two-day nationwide bank strike on March 15 and 16 against the privatisation of public sector banks and banking reforms.   We stand in solidarity with 10 lakh bank officials and staff participating in the strike against reckless privatisation of public sector banks, said Randeep Surjewala, Congress General Secretary.

Bank strike Day 2: PSB bank services hit, unions warn may go on like farm stir

Bank strike Day 2: PSB bank services hit, unions warn may go on like farm stir India Published: Tuesday, March 16, 2021, 10:58 [IST] New Delhi, Mar 16: Bank strike continued for day-two on Tuesday, led by nine unions of public sector banks (PSBs) in the country, opposing government s policy to privatise the lenders. Customers will be inconvenienced to get services such as cash withdrawals, deposits, cheque clearances, remittance services. Government transactions related to treasury as well as business transactions will also be impacted. United Forum of Bank Unions (UFBU), an umbrella body of nine unions, had given a strike call for March 15 and 16. Members of UFBU include All India Bank Employees Association (AIBEA), All India Bank Officers Confederation (AIBOC), National Confederation of Bank Employees (NCBE), All India Bank Officers Association (AIBOA) and Bank Employees Confederation of India (BEFI).

Two day bank strike successful: AIBEA

Two day bank strike successful: AIBEA ​ By IANS | Published on ​ Tue, Mar 16 2021 11:06 IST | ​ 3 Views Two day bank strike successful: AIBEA (Photo:IANS/Kuntal Chakrabarty). Image Source: IANS News Chennai, March 16 : The two day nationwide banker s strike in protest against privatisation of government banks was a total success, said the top leader of a major union. The two day strike began on Monday. As per reports received by us from our unions in various states, the strike has been successful. Overwhelming majority of the bank branches remain closed and shutters are down, said C.H. Venkatachalam, General Secretary, All India Employees Association (AIBEA).

Banking services hit on second day of strike

Nationwide stir: Banking services hit on second day too

Mysore/Mysuru: Banking service in city was effected on the second day today following the two-day Nationwide Bank Strike, which began yesterday. While private sector banks operated as usual, all public sector banks including SBI, Indian Bank and Canara Bank remained closed today. Over 200 bank officials and staff members staged a demonstration in front of Canara Bank Regional Office in Nazarbad this morning, following a call by the United Forum of Bank Unions (UFBU), an umbrella body of nine bank unions, against the proposed privatisation of public sector banks since yesterday. The shutdown of banking services has hit hard on traders, commercial and business establishments as well as general public. Public sector banks have remained closed for a four days in a row Saturday and Sunday, followed by the two-day strike on Monday and Tuesday.  However, online transactions were not hit. But many ATMs were out of cash since yesterday. 

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