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Stop Privatization of Public Sector Banks| Banks Strike on 15 and 16 Mar 2021 |

Summary

Introduction As you all know that the Central Government has announced in this union budget on 01 Feb 2021 to privatize two public sector banks out of four shortlisted banks. In reply of this, the bank unions are opposing this […]

Stop Privatization of Public Sector Banks| Banks Strike on 15 and 16 Mar 2021 |
Stop Privatization of Public Sector Banks| Banks Strike on 15 and 16 Mar 2021 |
Stop Privatization of Public Sector Banks| Banks Strike on 15 and 16 Mar 2021 |

Introduction

As you all know that the Central Government has announced in this union budget on 01 Feb 2021 to privatize two public sector banks out of four shortlisted banks. In reply of this, the bank unions are opposing this move and saying Stop Privatization of Public Sector Banks and decided to implement Banks Strike on 15 and 16 Mar 2021.

Earlier, When IDBI was privatized, a strong movement was run by all unions but could not stop the privatization move by the GOI(Government of India).

But this time the situation is different and may leave an impact to change the government’s plan to privatize two public sector banks.

The banking landscape in India is set to change with the government’s decision to privatise two public sector banks.

Coming after 51 years of nationalization of government-owned banks in 1969, the move will give the private sector a key role in the banking sector.

Are Banks Branches Necessary for Public Service?

Unlike developed countries where citizens are much more aware and educated, we Indians still have a lot of room to improve and pair with our international counterparts.

The strike is to “Stop Privatization of Public Sector Banks and Banks are going on strike on 15 and 16 Mar 2021″.

You should make your required arrangements viewing this strike.

The banking services are widely available online.

But still, the branches are required to open and carryout some necessary works.

They are like depositing cash, withdrawing cash by those who have not ATMs, KYC, loans, locker operations, and many more.

In rural areas, it is of utmost importance to have branches open for the public to carry out their financial transactions.

Because the rural public does not rely on online transactions.

It is my experience that some banking officials also do not rely on digital transactions viewing failed transactions.

Banking Services and ATM Services May Hit

All participating PSB has taken measures to minimize the public problems.

Bank Unions have called strike to Stop Privatization of Public Sector Banks and all Banks on Strike on 15 and 16 Mar 2021.

As a result, people can experience difficulties withdrawing money from ATMs and bank branches.

It is also expected that public will also support this strike against Public sector banks privatization.

The country’s top lender has made all the arrangements to ensure normal functioning in its branches and offices.

It is likely that the work in the bank may be impacted by the strike.

The working of the State Bank of India (SBI) is likely to be affected on 15 and 16 March due to a 2-day nationwide bank strike.

According to the mint newspaper

Canara Bank however said it is taking necessary steps for the smooth functioning of bank branches and offices on the days of the proposed strike.

“However, in the event of strike materializing, the functioning of the branches/offices may be impacted,” said the lender.

The Unions Who Has Called Strike

All India Bank Employees Association (AIBEA),

All India Bank Officers’ Confederation (AIBOC),

National Confederation of Bank Employees (NCBE),

All India Bank Officers’ Association (AIBOA),

Bank Employees Federation of India (BEFI),

Indian National Bank Employees’ Federation Federation of Canara Bank Employees’ Congress (INBEF),

Indian National Bank Officers’ Congress (INBOC), National Organisation of Bank Workers (NOBW),

National Organisation of Bank Officers (NOBO),

All India Nationalised Bank Officers’ Federation Canara Bank Officers’ Association (Regd.) (AINBOF).

These are the unions that have given a call for strike against the proposed privatization of two state-owned lenders by the government.

An Appeal

I make a humble appeal to the public to support this two-day strike for a noble cause to stop the privatization of public sector banks.

It does not only impact the employees of these banks but also the public to some extent.

Therefore, it is expected needy support from one and all to stop the privatization of public sector banks and to save our 51 years old hard work.

If you agree with me please let me know and support with your valuable comments.

You may also read this Privatization of PSBs I Trade Unions Hit on Privatisation with a Massive Strike Plan I

Banking services to be hit as 10 lakh employees prepare to go on strike on March 15, 16.

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