New Delhi: Banking services have been affected as all the banks have been informed to close for 4 days. Finance Minister Nirmala Sitharaman presented the financial statement for the financial year 2021-2022 in Parliament last February.
She said the central government had decided to sell its stake in public sector banks and was planning to issue an initial stake in LIC, a central government insurer.
She also said that the central government has to provide Rs.20,000 crore to the banks. The move by the central government has drawn strong opposition from public sector bank employees and officials.
There will be no cash transaction nor check clearance in the branches of public sector banks. Bank employees are mainly going on strike against the privatization of the bank.
Bank employees across the country are set to join the struggle, condemning the union government’s abandonment of labor antagonism and privatization.
Accordingly, employees and workers of the Central Government and Public Sector Undertakings are going on a two-day nationwide strike on the 28th and 29th. The All India Bank Employees Union has also expressed support for the strike.
More than 5 lakh bank employees across the country, including employees of all public sector banks, private banks, foreign banks, village and co-operative banks, are participating in the struggle.