The two-day nationwide bank strike, called by the United Forum of Bank Union (UFBU), an umbrella body of nine bank unions, began on Monday.

The bank strike on March 15 & 16 has been called in protest against the privatisation of Public Sector Banks and retrograde banking reforms.

The all-India bank strike has also been called for wage settlement pending since November 2017.

More than 10 lakh bank employees and officers will participate in the strike.

According to reports, all 9 bank unions – All India Bank Officers’ Confederation (AIBOC), All India Bank Employees Association (AIBEA), National Confederation of Bank Employees (NCBE), All India Bank Officers’ Confederation (AIBOC), Bank Employees Federation of India (BEFI), Indian National Bank Employees Federation (INBEF), Indian National Bank Officers’ Congress (INBOC) and National Organisation of Bank Officers (NOBO) and the National Organisation of Bank Workers (NOBW) – will join the strike.

Due to the strike, bank services such as deposits and withdrawal at branches, cheque clearance and loan approvals would be severally affected.

The ATM services, however, are likely to remain functional.

The banks remained closed on March 13 as it was the second Saturday and March 14 being Sunday.

The strike will lead to a four-day break in the regular banking operations.

NE NOW NEWS

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