Bank strike has been announced on 15 and 16 March in the country. The United Forum of Bank Unions, which includes nine unions, has called a two-day strike against the proposed privatization of two state-owned banks. After this, the country’s largest bank State Bank of India (SBI) has now said that this strike may affect the work of the bank. In the budget this year, Finance Minister Nirmala Sitharaman announced the privatization of two public sector banks (PSBs).
What did SBI say in the filing?
SBI has said in the filing that they have been told by the Indian Banks Association (IBA) that the United Forum of Bank Unions (UFBU), which consists of 9 major unions, called a nationwide strike by bank employees on March 15 and 16. It has been said that while the bank has made all the arrangements to ensure normal functioning in its branches and offices, it is possible that some work in the bank will be affected by the strike.
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.
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Banks will be closed for 4 consecutive days!
In protest against the announcements made in the budget by the central government, the UFBU has warned of a two-day strike from March 15 next month. According to this, on 15 and 16 March 2021, banks will be closed due to the strike. The day before the strike is Sunday on March 14 and the day before that is two Saturdays, that is the second Saturday of the month, due to which the banks will remain closed on March 13. Thus, in the event of a strike in the bank on 15 March and 16 March, the operations in the banks will be closed for four consecutive days.