In order to oppose the planned bank privatisation of two state-owned lenders by the government, the bank Unions have called for a two-day strike to begin on March 15.
According to the report by the Mint, Bank branches are likely to be shut for the next 4 consecutive days due to strike and other bank holidays. In order to oppose the planned bank privatisation of two state-owned lenders by the government, the bank Unions have called for a two-day strike to begin on March 15. Bank customers, as a result, can experience difficulties withdrawing money from ATMs and bank branches.
The State Bank of India (SBI), the country’s top lender, has made all the arrangements to ensure normal functioning in its branches and offices. However, it is likely that the work in the bank may be impacted by the strike, it said. Due to a 2-day nationwide bank strike, the working of the State Bank of India (SBI) is likely to be affected on 15 and 16 March.
The SBI, in an exchange filing, said: “…we have been advised by Indian Banks Association (IBA) that United Forum of Bank Unions (UFBU)… has given a call for all India strike by bank employees on 15th & 16th March 2021.”
However, Canara bank said it is taking necessary steps for the smooth functioning of bank branches and offices on the days of the proposed strike. “However, in the event of strike materialising, the functioning of the branches/offices may be impacted,” it said.
Banks are likely to be closed starting tomorrow, Saturday, till Tuesday.
13 March 2021: Second Saturday
14 March 2021: Sunday
15 March 2021: Monday (bank strike)
16 March 2021: Tuesday (bank strike)
Bank Unions that have called the strike:
All India Bank Employees Association (AIBEA), All India Bank Officers’ Confederation (AIBOC), National Confederation of Bank Employees (NCBE), All India Bank Officers’ Association (AIBOA), Bank Employees Federation of India (BEFI), Indian National Bank Employees’ Federation Federation of Canara Bank Employees’ Congress (INBEF), Indian National Bank Officers’ Congress (INBOC), National Organisation of Bank Workers (NOBW), National Organisation of Bank Officers (NOBO), All India Nationalised Bank Officers’ Federation Canara Bank Officers’ Association (Regd.) (AINBOF) are among the bank unions that have given a call for strike against the proposed privatization of two state-owned lenders by the government.
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