Bank Strike continued for day-two on Tuesday, led by nine unions of public sector banks in the country, opposing governments policy to privatise the lenders. Customers will be inconvenienced to get services such as cash withdrawals, deposits, cheque clearances, remittance services. Government transactions related to treasury as well as business transactions will also be impacted.
UFBU, an umbrella body of nine unions, had given a strike call for March 15 to 16.
Others are INBEF, INBOC, NOBW AND NOBO. Unions on Monday said nearly10 lakhs staffers across the country have participated in the Strike, terming it a “Success”. Finance Minister Nirmala Sitharaman in her Union Budget speech for 2021-22 said the government will privatise two more public sector banks going forward.
The Government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019, and has merged 14 public sector banks in the last four years.