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Government Bank staff nearing end of 2-day warning, services affected across India

State-run Bank employees' 2-day strike ends, services affected across India

ATMs in different parts of the country ran out for a second day.

A two-day nationwide banking strike called by the United Forum of Bank Union ended on Friday, affecting normal operations across the country. A series of employees of public sector banks went on strike to protest against the government’s proposal to privatize banks. Banks will be open as usual on Saturday, as it is a business day.

The United Forum of Banking Unions (UFBU) is the umbrella body of nine banking unions, including the All India Federation of Bankers (AIBOC), the All India Bankers Association (AIBEA), and the All India Bankers Association (AIBEA). ) and the National Organization of Bankers (NOBW).

Services such as depositing and withdrawing money at branches, paying checks and approving loans remained crippled by the two-day strike. ATMs in different parts of the country ran out for a second day.

Activities of the Government Treasury, negotiation for import and export of bills, lending, cash transactions, etc. could not be carried out and clearing activities were affected.

CH Venkatachalam (AIBEA) Secretary General CH Venkatachalam said that at three clearing centers Mumbai, Delhi and Chennai, about 39 checks worth about Rs 37,000 crore could not be used for clearance.

AIBOC Secretary General Soumya Dutta said about 70,000 bankers across the country enthusiastically participated in the two-day strike.

In the Union Budget presented in February, Finance Minister Nirmala Sitharaman announced the privatization of two public sector banks (PSBs) as part of an investment divestment plan.

To facilitate the privatization process, the government has listed the Banking Law (Amendment) Bill 2021, to be introduced and passed in the current session of the National Assembly.

The government equitized IDBI Bank by selling a majority stake in the lending bank to LIC in 2019 and merging 14 public sector banks over the past four years. PTI DP DP BAL

https://www.ndtv.com/business/psb-strike-government-bank-employees-on-2-day-strike-ends-services-affected-across-india-2657476 Government Bank staff nearing end of 2-day warning, services affected across India

Emma James

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