Bank Strike
India witnesses two-day bank strike from today, services hit
New Delhi/IBNS: The United Forum of Bank Union (UFBU), the umbrella organisation of nine bank unions, have called for a two-day nationwide bank strike beginning Mar 15 in protest against the privatisation of the sector, media reports said.
The country will witness the strike on Monday and Tuesday.
As many as 10 lakh bank employees are likely to participate in the strike, a report by NDTV said.
Very obviously, bank services including withdrawal and deposit of money have been halted though Automated Teller Machines (ATMs) are expected to be functioning.
The strike has led to an extended closure of banks as the sector was closed on Mar 13 (second Saturday) and Mar 14 (Sunday).
The strike has been called in protest against Union Finance Minister Nirmala Sitharaman's announcement of privatisation of two public sector banks, other than IDBI Bank, as a part of the central government's disinvestment drive.
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