United forum of bank union - Latest News Update, Information, Photos & Videos on United forum of bank union at Lokmat Times

The United Forum of Bank Union (UFBU), an umbrella body of nine bank unions, has called for a two-day nationwide strike on March 15 and 16 against the privatisation of Public Sector Banks and retrograde banking reforms.Over 10 lakh bank employees and officers will participate in the strike.All nine banks 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 Orgsation of Bank Officers (NOBO) and the National Orgsation of Bank Workers (NOBW) will take part in the strike called by the UFBU.Services such as deposits and withdrawal at branches, cheque clearance, and loan approvals would be affected due to the strike. However, ATMs are likely to remain functional.Banks were already closed on March 13 (second Saturday) and March 14 (Sunday), leading to a four-day break in regular banking operations. Services such as deposits and withdrawal at branches, cheque clearance and loan approvals would be affected due to the strike.The strike comes after Union Finance Minister Nirmala Sitharaman's Budget announcement where she announced the privatisation of two public sector banks (apart from IDBI Bank) as part of the government's disinvestment drive to generate Rs 1.75 lakh crore.Apart from bank unions, all the unions in four General Insurance Compes will be on strike on March 17. All the unions in LIC are on strike on March 18, while unions of four insurance compes have called for a strike against the privatisation of public compes. )( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Salman Khan

United Forum Of Bank UnionFOLLOW

United forum of bank union, Latest News

Business :RJD gives notice of suspension in RS on bank strikes

New Delhi, March 16 RJD MP Manoj Jha has given notice of suspension of business in the Rajya ... ...

Politics :Higher accountability of public sector banks needed, not their outright sale: Congress

The Congress said on Monday that it stands in solidarity with 10 lakh bank officials and staff participating in the strike "against reckless privatisation of public sector banks". ...

National :Two-day nationwide bank strike from today to protest against privatisation

The United Forum of Bank Union (UFBU), has called a two-day nationwide strike on March 15 and 16 against the privatisation of public sector banks and "retrograde banking reforms". ...

National :Banking services to be hit as over 10 lakh employees to go on strike on March 15, 16

The United Forum of Bank Union (UFBU), an umbrella body of nine bank unions, has called for a two-day nationwide strike on March 15 and 16 against the privatisation of Public Sector Banks and retrograde banking reforms. ...