Chennai: Bank Unions have threatened to go on strike on 15 and 16 March against the government’s plan to privatise State-owned banks.
In order to oppose the proposed privatization of Public Sector Banks (PSBs) by the Centre, the United Forum of Bank Unions (UFBU) has called a two-day nation-wide strike from 15 March.
This was decided at the meeting of UFBU held in Hyderabad in which all the nine bank unions —-AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW and NOBO took part.
All India Bank Employees’ Association (AIBEA) general secretary C H Venkatachalam said that a meeting of United Forum of Bank Unions was held at Hyderabad.
The meeting adopted a resolution urging upon the government to reconsider its standpoint and find amicable solutions to the demands of the farmers.
The meeting discussed the various announcements made in the Budget regarding measures such as privatisation of IDBI Bank, two public sector banks and one general insurer, setting up of a bad bank, disinvestment in LIC, allowing FDI in Insurance Sector up to 74 per cent, aggressive disinvestment and sale of public sector undertakings, etc.
Venkatachalam added: “The meeting observed that all these measures are retrograde and hence need to be protested and opposed.”