Two day bank strike successful: AIBEA
By IANS |
Published on
Tue, Mar 16 2021 11:06 IST |
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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).
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
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.
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
Centre privatising profit and nationalising loss, says Rahul Gandhi ANI | Updated: Mar 16, 2021 12:39 IST
New Delhi [India], March 16 (ANI): Congress leader Rahul Gandhi on Tuesday criticised the Centre over the privatisation of Public Sector Banks and said that he stands with the striking bank employees. GOI is privatising profit and nationalising loss. Selling PSBs to Modicronies gravely compromises India s financial security. I stand in solidarity with the striking bank employees, Gandhi tweeted.
United Forum of Bank Unions which is an umbrella body of nine bank unions, with over 10 lakh bank employees and officers called a two-day nationwide strike on March 15 and 16, against the privatisation of Public Sector Banks and retrograde banking reforms .