Two Days Nationwide Bank Strike From Today, 10 Lakh Employees Participate In Strike Against Privatization
New Delhi, 15 March 2021: The United Forum of Banking Union, a collaborative organization of nine unions, has announced a two-day nationwide bank strike to protest against the proposed privatization. Banking services across the country may be affected by employee organizations’ strikes on Monday and Tuesday. Services such as deposits and withdrawals, check clearance, and loan acceptance may be affected by the strike.
The United Forum of Banking Union has claimed that about 10 lakh employees and officers of the banks will participate in the strike. Several state-run banks, including the State Bank of India (SBI), have informed their customers that their normal functioning may be affected in branches and offices if a strike occurs. Banks also stated that they are taking necessary steps for the smooth functioning of bank branches and offices. In the Union Budget presented last month, Finance Minister Nirmala Sitharaman announced the privatization of two public sector banks in the next financial year as part of the government’s disinvestment program.
All India Bank Employees Union (AIBEA) General Secretary CH Venkatachalam said that the Additional Chief Labor Commissioner’s meetings on March 4, 9, and 10 have been inconclusive. Hence, the strike will transpire.
The 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 (BECI), etc. Huh. Indian National Bank Employees Federation (INBEF), Indian National Bank Officers Congress (INBOC), National Organization of Bank Workers (NOBW), and Nation Organization of Bank Officers (NOBO) are also involved in the strike.
