The United Forum of Bank Union (UFBU), an umbrella body of nine bank unions, has called for a two-day nationwide strike on March 15 and 16 against the privatization of Public Sector Banks and retrograde banking reforms.
Over 10 lakh employees and officers will participate in the strike.
Banks were already closed on March 13 (second Saturday) and March 14 (Sunday), leading to a four-day break in regular banking operations. Services such as deposits and withdrawal at branches, cheque clearance, and loan approvals would be affected due to the strike. However, ATMs are likely to remain functional.
The strike comes after Union Finance Minister Nirmala Sitharaman’s Budget announcement where she announced the privatization of two public sector banks (apart from IDBI Bank) as part of the government’s disinvestment drive to generate ₹ 1.75 lakh crore.
