New Delhi, Mar 12: To protest in opposition to the Centre’s plan to privatise the general public sector banks, workers of India’s banks are set to go on strike next week.
Nearly 10 lakh workers of the general public sector banks and previous technology personal banks will go on strike on March 15 and 16.
In her price range speech, Finance Minister, Nirmala Sitharaman introduced the privatisation of public sector banks as a part of the federal government’s disinvestment drive to generate Rs 1.75 lakh crore.
Prior to the strike on March 15 and 16, the bass are scheduled to be closed on March 13-second Saturday and Sunday. This would imply that the banking providers will be impacted for four days.
However ATMs are seemingly to perform for the next four days.
Cheque clearances, opening of latest accounts, challenge of demand drafts and mortgage processing are seemingly to be affected March 17. The State Bank of India mentioned preparations have been made for regular functioning in all branches and workplaces. However it added that work could be impacted due to the strike.
Finance Minister Nirmala Sitharaman throughout her Budget speech earlier this month introduced plans to privatise two public sector banks.
About 10 lakh financial institution workers and officers beneath the banner of United Forum of Unions consisting of 9 unions AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW, NOBO are agitating in opposition to authorities”s proposal, AIBEA mentioned in a press release.
The financial institution unions, after Friday”s dharna, will stage protests throughout the nation within the next 15 days. “On tenth March, we are going to maintain a protest demonstration earlier than Parliament through the Budget session,” AIBEA mentioned.
Thereafter, 10 lakh workers and officers of the banks will observe two days of steady strike on 15-16 March, 2021. “If the federal government proceeds additional, we are going to intensify the agitation and go for extended strikes and indefinite strike. We demand of the federal government to rethink their choice,” AIBEA added.
The union mentioned after India obtained independence no personal sector financial institution got here ahead to assist the financial growth of the nation that necessitated the nationalisation of main personal sector banks in 1969.
Since then, banks have made nice strides and have performed a major position within the nation”s growth and from 8,000 financial institution branches in 1969, right now there are as many as 100,000 financial institution branches throughout India, of which many are in rural areas.
AIBEA mentioned from 2010 to 2020, public sector banks have earned a complete revenue of Rs 14,57,000 crore.
“The solely drawback dealing with banks is the dangerous loans. Most of the dangerous loans are by the corporates and wealthy industrialists. Instead of taking motion on them, the federal government desires to privatise and hand over the banks to them,” AIBEA General Secretary C H Venkatachalam mentioned.