New Delhi: The United Forum of Bank Union(UFBU), an union body of nine banks has decided to go on a two day bank strike starting from 15th March 2021.
The strike was called in as a protest against the Central Government’s proposal of privatisation of two public sector banks. CH Venkatachalam, All India Bank Employees Association General Secretary has stated that around ten lakh bank employees would be taking part in the strike.
As several banks and their employees would be on a strike, the services are bound to suffer. Banks such as, SBI, Canara Bank, Bank of Maharashtra have informed their customers about the bank strike and the impact it might cause. They have assured the smooth running of bank branches and offices even during the proposed two day strike.
The strike would be seeing participants from 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), 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).
The Strike was called after Finance Minister Nirmala Sitharaman on 1st February 2021, presented the union budget and decided to privatise two public sector banks.
The Centre has already started privatising public sector banks, with IDBI getting privatised after having majority of its shares sold to LIC in 2019 with most the Public Sector Enterprises getting privatised by the current Government, the privatisation of banks did not come up as much of a surprise. It has to be seen, how the strike affects the people and the Government and if they reverse their decision or not.