There will be a strike in banks on December 16-17, know why banks are doing this?

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Bank strike

New Delhi: Bank strike: There is going to be a 2-day bank strike this week against the government’s plan to privatize public sector banks. Unions say that this step of the government will not be right for the country’s economy either. It has been said on behalf of the bank unions that along with the State Bank of India, employees and officers of all cooperative banks and other banks will also participate in their strike.

According to a PTI report, Sanjay Das, general secretary of the All India Bank Officers’ Confederation (AIBOC), has said that handing over state-run banks to private hands will harm the priority sectors of the economy. Apart from this, the credit flow associated with self-help groups and the rural economy will also be disturbed.

SBI’s services may be affected
The United Forum of Bank Unions (UFBU) has called for a two-day strike from 16 December. On this, the State Bank of India (SBI) has said that there may be some impact on the normal functioning of the day till these two days, however during the strike, its bank has made necessary arrangements to ensure normal functioning in all its branches. is of.

Bank strike

SBI has said in its statement that it has also been informed by the Indian Banks Association (IBA) that the strike has been called by the United Forum of Bank Unions. Several unions are participating in this strike, such as AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, and INBOC. There will be a two-day nationwide strike on 16 and 17 December 2021.

Union Finance Minister Nirmala Sitharaman said in her 2021 budget speech that two public sector banks will be privatized during the current financial year.

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