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Bank Strike today: Bank strike enters day 2 as employees protest against privatisation | India Business News

Bank Strike today: Bank strike enters day 2 as employees protest against privatisation | India Business News
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

PSB employees strike hits banking service for 2nd day

Excelsior Correspondent JAMMU, Mar 16: On second consecutive day of the two-day nationwide strike called by United Forum of Bank Unions against privatization of Public Sector Banks (PSBs) banking services across Jammu and Kashmir remained severely hit. All the Centralized Banks remained closed thus causing great inconvenience to people even as J&K Bank and other Private Sector Banks functional normally as they are not part of the strike. In Jammu, the protesting Bank employees held a strong protest demonstration in front of State Bank of India Administrative Office Building, Bahu Plaza and raised slogans against the Government move to Privatise Nationalized Banks.

Nationwide bank strike impacts services on day 2

DNA Exclusive: Bank strike, privatisation and key issues

Highlights They protested against the privatisation of state-run banks Sudhir Chaudhary explains reason behind strike and privatisation New Delhi: Bank employees observed a two-day nationwide strike that ended on Tuesday (March 16). The primary reason behind the strike was the government s bid to privatise state-run banks. The strike was called by the United Forum of Bank Unions (UFBU), consisting of nine bank unions AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW and NOBO. Zee News Editor-in-Chief Sudhir Chaudhary on Tuesday analysed the reason behind the bank employees opposition to privatisation and also explained why the government intends to push it. About 10 lakh bank employees across the country went on strike and a large number of them wrote to Zee News to be their voice. It is the duty of the media to give these voices a platform.

Bank strike ends; unions warn stir if govt goes ahead with privatisation

Business transactions as well as government treasury operations were also impacted. The United Forum of Bank Unions (UFBU), consisting of nine bank unions AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW and NOBO had given the strike call to protest against the government s decision to privatise two more public sector lenders. Strike was a full success, employees and officers stood with us. The way they participated and raised slogans, it shows their disapproval of the government decision very clearly. We got support from all trade unions, some farmer organisations, lot of political parties have supported us, AIBEA General Secretary C H Venkatachalam told PTI.

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