Employees of state-run banks are set to go on a two-day nationwide strike starting Thursday. This strike could impact banking operations, say public sector lenders.
- Nine lakh employees are set to take part in the strike
- Strike could lead to delays in cheque clearance, fund transfer: SBI
- Privatisation of PSBs will impact implementation of govt schemes: UFBU
Your banking operations could see a delay with nearly nine lakh employees of state-run banks set to go on a two-day nationwide strike on Thursday.
The strike has been called by the United Forum of Bank Unions (UFBU), an umbrella body of nine unions, including the All India Bank Officers’ Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW).
Soumya Datta, general secretary of AIBOC, confirmed that the union has decided to go ahead with the two-day nationwide strike. Employees and officers from various public sector banks (PSBs), old generation private sector banks and regional rural banks will participate in the strike.
State Bank of India (SBI) has already warned customers about the nationwide strike’s possible impact on banking operations such as cheque clearance and fund transfer.
Stating that the strike is not in the interest of customers and investors, SBI, Canara Bank and UCO Bank, among others, urged their employees to reconsider their decision to go on strike.
Why are govt bank employees going on strike
The two-day nationwide strike was called by the UFBU after a conciliation meeting with the Additional Chief Labour Commissioner failed to yield any results on Wednesday.
The unions have been protesting ever since the Centre in its Budget 2021-22 announced its intent to privatise two public sector lenders.
The strike has been called by the United Forum of Bank Unions (UFBU), an umbrella body of nine unions, including the All India Bank Officers’ Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW).
Soumya Datta, general secretary of AIBOC, confirmed that the union has decided to go ahead with the two-day nationwide strike. Employees and officers from various public sector banks (PSBs), old generation private sector banks and regional rural banks will participate in the strike.
State Bank of India (SBI) has already warned customers about the nationwide strike’s possible impact on banking operations such as cheque clearance and fund transfer.
Stating that the strike is not in the interest of customers and investors, SBI, Canara Bank and UCO Bank, among others, urged their employees to reconsider their decision to go on strike.
“Furthermore, considering the ongoing pandemic situation, resorting to a strike will cause great inconvenience to the stakeholders,” SBI said in a tweet.
