Public Sector Banks (PSBs) remained closed on Tuesday as bank employees participated in a strike against the privatisation of State-run banks.The second day of the two-day protest called by the United
The strike comes in the wake of Finance Minister Nirmala Sitharaman s announement in the Union Budget 2021-22 of privatisation of two public sector banks (apart from IDBI Bank) as part of the governmentâs disinvestment drive to generate Rs 1.75 lakh crore. The United Forum of Bank Unions (UFBU), an umbrella body of nine bank unions has decided to call the strike.
The IDBI Bank is already privatised by the government by selling its majority stake to the Life Insurance Corporation of India (LIC) in 2019 and merged 14 public sector banks in the last four years.
State Bank of India explaining the consequences of the strike had said, We inform that, we have been advised by lndian Banks Association lBA that United Forum of Bank Unions UFBU which comprises 9 major Unions, viz. All lndia Bank Employeesâ Association AIBEA, All India Bank Officersâ Confederation AIBOC, National Confederation of Bank Employees NCBE, All lndia Bank Officersâ Association AIBOA, Bank Employe
Nationwide bank strike enters day 2: Check affected services
Nationwide bank strike enters day 2: Check affected services
The two-day strike was called by the UFBU, an umbrella body of nine bank unions, to protest against the proposed decision to privatise two public sector banks. Check which banking services will remain hit today due to the strike:
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UPDATED: March 16, 2021 13:41 IST
Bank employees raise slogans during a protest in support of the two-day natiowide strike, called by UFBU. (Photo: PTI)
Key services across public sector banks in India faced disruption on Tuesday as the nationwide strike called by the United Forum of Bank Unions (UFBU), an umbrella body of nine bank unions, entered the second day.
Nationwide Bank Strike Continues To Impact PSB Services On Day 2; Check Details
Customers will be inconvenienced to get services such as cash withdrawals, deposits, cheque clearances, remittance services.
PTI 16 March 2021 File Photo PTI 2021-03-16T13:51:23+05:30 Nationwide Bank Strike Continues To Impact PSB Services On Day 2; Check Details outlookindia.com 2021-03-16T13:52:51+05:30
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.
Why the two-day strike by PSU bank staff won’t be the last of the protests
Why the two-day strike by PSU bank staff won’t be the last of the protests | India Today Insight
The government’s plans to privatise two state-owned banks has staff unions seeing red
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UPDATED: March 17, 2021 00:37 IST
Bank employees protest against the move to privatise public sector banks, at Jantar Mantar, New Delhi, 15th March (Rajwant Rawat) The strike by hundreds of thousands of employees in the public banking sector for two days, March 15 and 16, which has disrupted services across the country, is the first major nation-wide strike related to bank privatisation plans after they were announced in the Union Budget on February 1 this year. Going by the nature of the issue, these protests will not be the last.