The United Forum of Bank Union (UFBU) has called for a two-day nationwide strike starting today against the privatisation of Public Sector Banks and retrograde banking reforms.
All nine banks unions – All India Bank Officers’ Confederation (AIBOC), All India Bank Employees Association (AIBEA), National Confederation of Bank Employees (NCBE), All India Bank Officers’ Confederation (AIBOC), Bank Employees Federation of India (BEFI), Indian National Bank Employees Federation (INBEF), Indian National Bank Officers’ Congress (INBOC) and National Organisation of Bank Officers (NOBO) and the National Organisation of Bank Workers (NOBW) are participating in the strike. It is expected that over 1 million bank employees and officers will participate in the strike.
Consequently, services such as deposits and withdrawal at branches, cheque clearance, and loan approvals would be affected due to the strike. However, ATMs are likely to remain functional.
Penalty Imposed on the United India Co-operative Bank