The bank unions have called for a two-day walkout this week in protest of the government’s proposal to privatize public sector banks. All India Bank Officers Confederation (AIBOC) General Secretary Sanjay Das claimed that privatizing PSBs will harm the economy’s key sectors and also credit flow to self-help organizations and the rural economy.
There will be a two-day strike by the United Forum of Bank Unions (UFBU) beginning on December 16. SBI services may be disrupted. On Friday, the State Bank of India (SBI) said that the two-day strike on December 16-17 called for by the United Forum of Bank Unions (UFBU) would have a negative effect on the bank’s regular running (UFBU).
A notice of strike has been served on the Indian Banks’ Association (lBA) informing us that the United Forum of Bank Unions (UFBU) has informed that the members of the constituent unions in support of UFBU’s demands are proposing to go on a nationwide bank strike on the 6th and 7th of December 2021, the lender said.
SBI has also indicated that it has taken the required steps to keep its branches open throughout the strike.
What is the purpose of the bank workers’ strike?
AIBOC general secretary Sanjay Das stated that if the government doesn’t give up the notion of privatization, a series of agitational programmes would be organized in addition to the two-day strike. PTI reported.
In her 2021 budget statement, Finance Minister Nirmala Sitharaman said that two public sector banks will be privatized this year.
