The strike of the country’s government and rural banks is on 15 and 16 March. The functioning of State Bank of India is likely to be affected on March 15 and 16 due to the 2-day nationwide bank strike.
The strike of the country’s government and rural banks is on 15 and 16 March. The functioning of State Bank of India is likely to be affected on March 15 and 16 due to the 2-day nationwide bank strike. This strike has been announced in protest against the decision of privatization of public sector banks. Explain that in the budget this year, Finance Minister Nirmala Sitharaman had announced the privatization of two public sector banks (PSBs).
What did SBI say?
In an exchange filing on 10 March, SBI said, … We have been advised by the Indian Banks Association (IBA) that the United Forum of Bank Unions (UFBU) … on 15 and 16 March 2021 by Bank employees Indian strike has been announced.
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In this report, it has been said that all the banks have made many arrangements for the functioning of their branches at the moment, but even after that, there is a possibility that there may be an impact on the banking functioning. 9 unions under the banner of United Forum of Bank Unions have announced a nationwide strike on 15 and 16 March.
The government had already privatized IDBI Bank by selling a large stake in it to LIC in 2019. With this, it has merged 14 public sector banks in the last four years. Banking will be closed for four consecutive days after the bank strike on March 15 and 16, because March 14 is Sunday and March 13 is the second Saturday.
So far, 14 public banks have been merged,
The central government has sold majority share of IDBI Bank in LIC in the year 2019 itself. With this, I have merged 14 public banks in the last 4 years. At present, there are 12 government banks in the country. After that their number will be reduced to 10. Two banks will be privatized in the fiscal year 2021-22.
Banks will remain closed for 5 days out of 6
Let us tell you that on Thursday, March 11, due to Mahashivratri, there is a holiday for banks in the north Indian states like Uttar Pradesh and Bihar of the country. Apart from this, March 13 is the second Saturday of the month, due to which there will be no functioning in banks. Banks will remain closed on Sunday i.e. March 14. Then there is a bank strike on March 15 and 16, due to which the banks will remain closed. That is, the banks will remain closed for 5 days.
who will be included in this strike?
The members of UFBU include All India Bank Employees Association (AIBEA), All India Bank Officers Confederation (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.
