The United Forum of Bank Unions (UFBU), an organization that leads 9 unions, has called for a two-day bank strike on Tuesday, March 15, against the privatization of two public sector banks. . In the Union Budget (Budget 2021) presented last week, Finance Minister Nirmala Sitharaman announced the privatization of two public sector banks (PSBs) as part of its disinvestment plan.
The government already privatized IDBI Bank by selling its majority stake in LIC in 2019 and merged 14 public sector banks in the last four years. All India Bank Employees Union (AIBEA) General Secretary CH Venkatachalam said, “It has been decided to oppose the government’s decision to privatize banks during the UFBU meeting held on Tuesday.”
He said, “Several announcements related to the privatization of IDBI Bank, disinvestment in LIC, privatization of a general insurance company, FDI in insurance sector up to 74%, disinvestment and sale of PSUs in the central government budget” Discussed. ” He said that it was seen in the meeting that all these announcements are regressive and hence need to be opposed.
AIBOC general secretary Soumya Dutta said that after deliberations, it was decided to go on strike for two days – 15 March and 16 March. Members of UFBU include All India Bank Employees Association (AIBEA), All India Bank Officers Confederation (AIBOC), National Confederation of Bank Employees (NCBE), All India Bank Officers Association (AIBOA) and Bank Employees of India (BEFI). .
Apart from this, National Bank Employees Federation of India (INBEF), Indian National Bank Officers Congress (INBOC), National Bank of Bank Workers (NOBW) and National Organization of Bank Officers (NOBO) are also involved in this.
