(Image source from: Livemint.com)
Services hit after two-day nationwide bank strike:- United Forum of Bank Unions (UFBU), the body of nine unions is on a two-day nationwide strike that starts from today against the privatization of the lenders. Finance Minister Nirmala Sitharaman announced the privatization of two public sector banks last month during the Union Budget presentation in the process of a disinvestment plan. The Indian government already privatized IDBI Bank in 2019 after selling the majority stake and merged 14 public sector banks in the last four years. With this two-day strike, the transactions of the banks came to a halt for four complete days in a row with Saturday and Sunday being holidays.
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Nationwide strike impacts banking services: Highlights
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Nationwide strike impacts banking services: Highlights
TIMESOFINDIA.COM / Updated: Mar 15, 2021, 15:26 IST
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The bank unions are protesting against the privatisation of two public sector banks.
NEW DELHI: Nine bank unions under the banner of the United Forum of Bank Union (UFBU) on Monday started a nationwide two-day strike against the privatisation of public sector banks and retrograde banking reforms. As many as 10 lakh bank employees are expected to participate in the strike.
Banks were already closed on March 13 (second Saturday) and March 14 (Sunday), leading to a four-day break till Tuesday in regular banking operations.
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A branch of State Bank of India (SBI) wears a deserted look during a two-day nationwide strike, called by United Forum of Bank Unions (UFBU), to protest against the proposed privatisation of two state-owned lenders, in Bikaner.
Banking services such as cash withdrawals, deposits, cheque clearing and business transactions were impacted across the country on Monday, the day one of the PSU bank union s strike, against the proposed privatisation of two more state-owned lenders. United Forum of Bank Unions (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.
Bank strike today: ATM services, cheque clearance, other services to be hit
Bank strike on March 15: Banking services are likely to be hit at several public sector banks (PSBs) like State Bank of India (SBI), Canara Bank and Bank of Maharashtra (BoM)
BusinessToday.In | March 15, 2021 | Updated 09:32 IST
Banks have assured their customers they are taking all necessary steps to ensure the smooth running of bank offices and branches on the days of the proposed two-day bank strike
Banking services are likely to be impacted on Monday, March 15 and 16 as the United Forum of Bank Unions (UFBU) has given a call for a two-day nationwide strike. The strike has been called to protest against the Centre s proposal to privatise two public sector banks.