• Bank strike: Around 9,00,000 employees go on strike

    National
    Bank strike: Around 9,00,000 employees go on strike

    New Delhi: Public bank employees all over the nation continued their strike on the second day on Friday. They have been protesting against the government vision towards the privatization of major public sector banks.





    Employees carried out demonstration rallies and held protests before branches of different states across India. While branches were closed, customer service centres next door were available at some locations.





    Sanjeev K Bandlish, National Convenor, United Forum of Bank Union (UFBU), stated that the strike had been a total success.





    The forum will take stock of the situation after Friday. The prospective course of action will be determined after eyeing the government's reply. The bill to amend actions to promote privatization is slated to be tabled in the current winter session of Parliament.





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    Public sector lenders, including the State Bank of India said that services will be close due to the strike to their respective customers.





    However, the private sector banks are working in full swing. They are Providing services just like typical bank working days. 





    All India Bank Officers' Confederation (AIBOC) General Secretary Soumya Dutta stated that nearly 7 lakh protesters nationwide participated against privatization. 





    In February, Finance Minister Nirmala Sitharaman had informed the privatization of two public sector banks (PSBs) as part of its disinvestment strategy.





    The government has previously privatized IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the past four years.