Banks To Go On 2-Day Nationwide Strike This Week: Check Details

Bank unions in a bid to protest the government's ambitious plans of privatising public sector banks will go ahead with a bank strike scheduled for December 16-17, 2021. As per a PTI report, general secretary of All India Bank Officers Confederation (AIBOC)- Sanjay Das, said that privatising PSBs will dent the progress of the priority sectors in the country and also impact credit flow to the rural economy and SHGs.

Notably, the proposed bill for privatisation of 2 PSBs will be taken up in the ongoing winter session of the Parliament.

Meanwhile, the conciliation meeting organised on Wednesday by the Additional Chief Labour Commissioner Joshi has now been adjourned to December 14. With no assurance coming from the government that the privatisation Bill will not be taken up in this session, the United Forum of Bank Unions have decided to go ahead with the bank strike as announced, CH Venkatachalam, General Secretary, All India Bank Employees Association (AIBEA), told a leading business daily.

Besides he said that for the last 25 years, under the UFBU "we have been opposing the policies of banking reforms which are aimed at weakening public sector banks".

Further, the country's largest state-run lending entity SBI in a regulatory filing said that while it has made necessary arrangements such that normal functioning of the banking business is not impacted during strike, it shall still suffer.

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