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.
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.