Banks to be closed for next 4 days, PSU strike on March 15-16

at 6:16 pm
Bank strike
Representational image

New Delhi (NVI): Employees from various public sector banks (PSBs) will go on a strike from March 15-16, 2021, to protest against the proposed privatisation of two state-owned lenders.

Bank branches will be shut for 4 consecutive days from tomorrow due to the two-day strike and weekend holiday.

However, ATM, mobile, and internet banking will remain functional.

United Forum of Bank Unions (UFBU) has called for a nationwide strike against the Central government’s move to privatise public sector banks, according to media reports.

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).

About 10 lakh bank employees and officers of the banks will reportedly participate in the strike.

Finance Minister Nirmala Sitharaman announced the privatisation of two more public sector banks (PSBs) in the Union Budget 2021.

In 2019, the government has already privatised IDBI Bank by selling its majority stake to LIC. Moreover, so far in the last four years, the government has merged 14 public sector banks.