Two-day nationwide bank strike from today, all you need to know
The United Forum of Bank Union (UFBU) has called for a two-day nationwide bank strike on March 15 and 16 against the privatisation of Public Sector Banks. Around 10 lakh bank employees and officers are going to take part in the strike.
Nine banks unions - All India Bank Employees Association (AIBEA), All India Bank Officers' Confederation (AIBOC), All India Bank Officers' Confederation (AIBOC), National Confederation of Bank Employees (NCBE), Indian National Bank Employees Federation (INBEF), Bank Employees Federation of India (BEFI), National Organisation of Bank Officers (NOBO), Indian National Bank Officers' Congress (INBOC) and the National Organisation of Bank Workers (NOBW) will take part in bank strike called by the UFBU.
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Meanwhile, the services including deposits and withdrawal at branches, cheque clearance, and loan approvals would be affected due to the nationwide bank strike.
It is pertinent to mention that ATMs are likely to remain functional.
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The bank holidays on March 13 (second Saturday) and March 14 (Sunday) led to a four-day break in regular banking operations.
The strike comes following the announcement by Union Finance Minister Nirmala Sitharaman in her Budget speech in which she announced the privatisation of two public sector banks (apart from IDBI Bank).
Likewise, all unions in 4 General Insurance Companies will be on strike on March 17 while the unions in LIC would go on strike on March 18. The unions of 4 insurance companies have called for a strike against the privatisation of public companies.
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