Two-day bank strike from Dec 16

  • | Wednesday | 1st December, 2021

Kolkata, Dec 1 (PTI) The United Forum of Bank Unions (UFBU) has called a two-day strike from December 16 to protest against the Centre"s plan to privatise public sector banks. Sanjay Das, general secretary of All India Bank Officers Confederation (AIBOC), said that besides the two-day strike, a series of other agitational programmes will be held if the government does not give up the idea of privatisation of the banks. In the budget speech of 2021, Union Finance Minister Nirmala Sitharaman had said that two public sector banks will be privatised during the current fiscal. UFBU is an umbrella organisation of bank unions. Das said that this move to privatise PSBs will hurt the priority sectors of the economy and also credit flow to self-help groups and to the rural economy. The proposed move is not based on sound economic logic but is purely a political decision to hand over the banks to "crony capitalists", he said. According to him, 70 per cent of the country"s total deposits are with the public sector banks and handing them over to private capital will put the common man"s money deposited with these banks into jeopardy. PTI dc KK KK KK

If You Like This Story, Support NYOOOZ



Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.

Stay updated with all the Kolkata Latest News headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.

Related Articles

Two-day bank strike from Dec 16
  • Wednesday | 1st December, 2021
  • Wednesday | 19th January, 2022
  • Wednesday | 19th January, 2022
AKLF 2022 to be held in virtual mode
  • Wednesday | 19th January, 2022