Breaking
  • Emergence of new variants & resurgence of cases suggest that the pandemic far from over: Army Chief General Manoj Mukund Naravane
  • Active COVID-19 cases in country decline to 95,014: Union Health Ministry
X
  1. You Are At:
  2. English News
  3. Business
  4. Bank Strike: Unions call for two-day strike. Check details

Bank Strike: Unions call for two-day strike. Check details

The United Forum of Bank Unions (UFBU), an umbrella body of nine unions, has given a call for a two-day strike in March against the proposed privatization of two-state owned lenders. 

PTI PTI
New Delhi Published on: March 11, 2021 21:12 IST
Bank Strike, bank unions strike
Image Source : PTI

Bank Strike: Unions call for two-day strike. Check details

United Forum of Bank Unions (UFBU), an umbrella body of nine unions, has given a call for a two-day strike from March 15 to protest against the proposed privatisation of two state-owned lenders.

In the Union Budget presented last month, Finance Minister Nirmala Sitharaman had announced the privatisation of two public sector banks (PSBs) as part of its disinvestment plan.

The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the last four years.

Conciliation meetings - before the Additional Chief Labour Commissioner on March 4, 9 and 10 - did not yield any positive result, All India Bank Employees Association (AIBEA) general secretary C H Venkatachalam said in a statement.

"Hence, it has been decided to go ahead with the strike for 2 continuous days on 15th and 16th March 2021. About 10 lakh bank employees and officers of the banks will participate in the strike," he claimed.

Most of the banks, including the State Bank of India (SBI), have informed their customers about the impact on functioning of branches and offices if the strike materialises.

Banks have also informed that they are taking necessary steps for the smooth functioning of bank branches and offices on the days of the proposed strike.

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).

Others are Indian National Bank Employees Federation (INBEF), Indian National Bank Officers Congress (INBOC), National Organisation of Bank Workers (NOBW) and National Organisation of Bank Officers (NOBO).

Latest Business News

Write a comment