New Delhi, : A two day nationwide bank strike called by United Forum of Bank Unions (UFBU) began on Thursday, said C.H.Venkatachalam, General Secretary, All India Bank Employees’ Association (AIBEA). The strike was called against the privatisation of the government banks.
Venkatachalam said that the strike is against the central government’s plan to privatise the Public Sector Banks (PSBs) as well as the introduction of the Banking Laws (Amendment) Bill, 2021 in the current session of Parliament.
The new bill will enable the government to privatise the PSBs. Eariler, the government had announced that it would privatise two of its banks.
Due to the strike, the operations at the cheque clearing grids in Mumbai, Chennai and Delhi will be impacted and several thousands of crore worth of cheques would not be cleared.
About 10 lakh employees in public and private sector banks are participating in the strike, said Venkatachalam
