The United Forum of Bank Unions (UFBU) has warned of a two-day strike from December 16 against the decision to privatize two public sector banks. Bank employees will not work due to two days strike. Due to this, there may be a shortage of cash in ATMs.
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It may be recalled that in the Union Budget presented in February, Finance Minister Nirmala Sitharaman had announced the privatization of two state-owned banks under the government’s privatization policy. It may be recalled that in 2019, the government has already privatized IDBI Bank and merged 14 banks in the country.
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