Monday, May 23, 2022

It’s major news! Because your bank will be closed for two days next week, do your vital tasks ahead of time

The most recent information on the bank union strike is as follows: The United Forum of Bank Unions (UFBU) has called a bank strike for the 16th and 17th of December. So, if you have any critical task to complete, get it done first.

Bank Union Strike: There is good news for bank customers who are looking for work. On the 16th and 17th of December, government bank staff across the country will go on strike for two days. The United Forum of Bank Unions provided this information (UFBU). This strike is being held in opposition to bank privatisation.

In her budget presentation on February 1, 2021, Finance Minister Nirmala Sitharaman announced the privatisation of two banks. Following that, the government began its preparations. The administration is reportedly planning to introduce the Banking Laws (Amendment) Bill 2021 during the winter session of Parliament.

On the 16th and 17th of December, there will be a bank strike.

The United Forum of Bank Unions (UFBU) has called a strike to protest bank privatisation. It’s a collaboration of nine public-sector bank unions. On the 16th and 17th of December, the UFBU has issued a strike warning.

Read More: New Year 2022 Celebration Plan: You can visit these places of Ladakh and Kashmir

What exactly is the cause of the strike?

The All India Bank Officers Confederation (AIBOC), for example, has declared a strike against the privatisation of public sector banks. The major group of secretaries formed up by the government on disinvestment recommended the Central Bank of India, Indian Overseas Bank, Bank of Maharashtra, and Bank of India.

What will happen to the employees after the company is privatised?

According to media sources, these banks can provide attractive Voluntary Retirement Schemes (VRS) to their staff prior to privatisation. That is to say, it is also a source of anxiety for the workers.

Previously, IDBI Bank was a private company.

Let us remind you that IDBI Bank was founded in 1960 under the name Development Financial Institution. Later on, it was renamed IDBI Bank Bank. The Parliament granted authority for this. All activities of the country’s nationalised banks are governed by parliamentary laws. Parliament’s compulsion disappears as soon as these banks become private.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Latest

Good News for farmers! This government bank is providing 50 lakh rupees to build a house; please complete this work as soon as possible

BOI Star Kisan Ghar: If you are a Bank of India customer who is also a farmer, the bank is now offering you fantastic deals....

Bank Union Strike: 9 lakh bank employees on strike for 2 days from today

Work in public sector banks across the country will be affected, as about nine lakh employees of public sector banks have gone on a...

SBI has issued a warning to 44 million consumers! Know how to spot bogus emails sent in the name of a bank?

Alert from SBI: All of SBI's clients have been notified. The bank has also provided some advice to consumers on how to spot phishing, hacking,...

Axis Bank was fined Rs. 25 lakh by the RBI for violating KYC norms

Axis Bank Penalty: The Reserve Bank of India (RBI) has fined the bank Rs 25 lakh. The Reserve Bank stated that Axis Bank had broken...

Bank News: At The Beginning Of September 1st, the check clearing system will change! If this information is not provided, the check will be...

If you are an Axis Bank customer, you should be aware of certain vital information. If you use an Axis Bank checkbook, you should...

Most Popular

Subscribe

* indicates required