March 15, 2021

Nationwide strike impacts banking services of PSU banks

New Delhi, Mar 15 :Banking operations including cheque clearance across the country got affected on Monday as bankers under the aegis of the United Forum of Bank Unions (UFBU) have gone on a nationwide strike to protest against the proposed privatisation of two state-owned lenders

UFBU, an umbrella body of nine unions, had given a strike call for March 15 and 16, and claimed that about 10 lakh bank employees and officers of the banks will participate in the strike

However, branches of private sector lenders like ICICI Bank, HDFC Bank and Axis Bank are open as they are not part of the strike

In the Union Budget presented last month, Finance Minister Nirmala Sitharaman had announced the privatisation of two public sector banks (PSBs) as part of the government's disinvestment plan

The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019, and has merged 14 public sector banks in the last four years

According to All India Bank Employees Association (AIBEA) general secretary CH Venkatachalam, services at branch level; cheque clearance; and government transactions have been affected

Besides, money markets and stock markets are also going to face problems as payments would be impacted, he said

Members of UFBU include 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)

Others are the 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).

You may also like

September 20, 2021
Assam: Fleeing robber injured in police firing, drug peddlers escape

During interrogation, they revealed their involvement in other cases of snatching in Guwahati city, the statement said. Guwahati: A suspected robber was injured in police firing as he was trying to flee, while four drug peddlers managed to escape despite policemen shooting at their car in Assam, officials said on Sunday. Both the incidents occurred […]

September 20, 2021
Assam govt to preserve heritage of Dimasa Kachari kingdom: CM

At the beginning of the Dimasa rule, Dimapur used to be the capital of the kingdom, which was later shifted to Malibang, now in Dima Hasao district of Assam. Guwahati: Assam Chief Minister Himanta Biswa Sarma on Sunday said that the state government will preserve the heritage of the 18th century Dimasa Kachari kingdom and develop its last capital […]

September 20, 2021
Assam: Rs 116 crore approved for building mini sec. in Barak Valley

People of three districts - Cachar, Karimganj and Hailakandi- will also save time for their official works as they will not require to come to Guwahati for the same. Guwahati: Assam Chief Minister Himanta Biswa Sarma on Saturday said his government has sanctioned Rs 116 crore for construction of the mini secretariat of Barak Valley at Silchar, which is […]

September 18, 2021
NIA arrests key conspirator in Manipur Rifles arms theft case

The self-styled chairman of the United Kuki Liberation Front (UKLF), Lhunkhoson Haokip of Imphal West, had been absconding. Imphal: The NIA has arrested a self-styled chairman of the outlawed Kuki militant group UKLF for his alleged involvement in the pilferage and illegal sale of government firearms to various terrorist outfits to strengthen war stores and carry […]

Get The latest news, opinion and much more from north east part of India and India on Midage

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram