Banking services in India are likely to sustain a massive jolt as a two-day nationwide banks strike has been announced.
The banks strike has been called by the United Forum of Bank Unions (UFBU) as a protest against government’s proposed Bill for privatisation of two public sector banks.
The two-day banks strike will be observed on December 16 and December 17.
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Meanwhile, the All India Bank Officers Confederation (AIBOC) has threatened to launch other agitational programmes if the government fails to drop its idea of bank privatisation.
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Notably, union finance minister Nirmala Sitharaman had earlier stated that at least two public sector banks will be privatised.
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She made this announcement in her budget speech earlier this year.