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Bank strike Day 2: These banks to remain shut today; check what services will remain hit

Bank strike Day 2: These banks to remain shut today; check what services will remain hit
During the first day of the bank strike, services such as cash withdrawals, deposits, cheque clearing, and business transactions remained impacted across the country
BusinessToday.In | March 16, 2021 | Updated 09:37 IST
Bank employees participate in a protest during a 2-day nationwide bank strike against proposed privatisation of Public Sector banks and retrograde reforms
Banking services on Tuesday, March 16, will also remain affected as bank unions and employees continue to protest as part of a two-day national strike called by the United Forum of Bank Unions (UFBU), an umbrella body of nine bank unions. ....

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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). ....

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Not all banks will be privatised, says Sitharaman as over 10 lakh employees continue strike

Not all banks will be privatised, says Sitharaman as over 10 lakh employees continue strike
The Union finance minister said the central government will ensure that the interests of every banking employee was ‘absolutely protected’.
Updated Mar 16, 2021 · 07:32 pm
A file photo of Union Finance Minister Nirmala Sitharaman.
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PTI
Union Finance Minister Nirmala Sitharaman on Tuesday tried to assuage the fears of bank employees, who have launched a countrywide stir against the Centre’s policies. The minister assured them that not all state-owned banks will be privatised under the central government’s disinvestment plan.
Addressing a Cabinet briefing, Sitharaman said that the public sector enterprise policy “very clearly” stated that the Centre will continue operating public sector banks. “So, just to quickly say that all private banks will be sold off, is not right,” the finance minister said. ....

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Nationwide bank strike enters day 2; unions warn of stir similar to farmers'

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Image Source : PTI
Employees of Allahabad Bank stage a protest during a two-day nationwide banks strike against the privatisation of Public Sector Banks and retrograde banking reforms in Patna on Monday.
The two-day bank strike led by nine unions of public sector banks (PSBs) in the country has severely affected the banking operations. Customers are facing inconvenience in parts of the country due to the strike called against the Centre s policy to privatise the lenders.Â
The strike has affected services like cash withdrawals, deposits, cheque clearances, remittance services. Government transactions related to treasury as well as business transactions have also been impacted.Â ....

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Bank strike today: Cheque clearance affected

Bank strike today: Cheque clearance affected
India
Published: Monday, March 15, 2021, 12:04 [IST]
New Delhi, Mar 15: Banking operations including cheque clearance across the country got affected on Monday as bankers under the aegis of the United Forum of Bank Unions (UFBU) have gone on a nationwide strike to protest against the proposed privatisation of two state-owned lenders.
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.
However, branches of private sector lenders like ICICI Bank, HDFC Bank and Axis Bank are open as they are not part of the strike. ....

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