Bank union strike: Banks across the country will again go on strike in protest against the privatization of public sector banks. The Central Committee of All India Bank Employees Association (AIBEA) has decided to join this strike.
Bank Union Strike: There is news of work for bank customers. Banks across the country will again go on strike in protest against the privatization of public sector banks. The Central Committee of All India Bank Employees Association (AIBEA) has decided to join this strike. Government bank employees of the country will go on a two-day bank strike on February 23 and 24. This strike is being done in protest against the privatization of banks. Let us tell you that private banks will also remain closed.
Significantly, Finance Minister Nirmala Sitharaman had announced the privatization of two banks in her budget presented on 1 February 2021. After which the government has also started its preparation. It is being told that the government is preparing to bring the Banking Laws (Amendment) Bill 2021 in the winter session of Parliament.
Bank strike on 23rd and 24th February
The United Forum of Bank Unions (UFBU) has announced a strike for the privatization of banks. It is a joint forum of unions of nine public sector banks. UFBU is going on strike on 23rd and 24th February. Earlier, the United Forum of Bank Unions protested against the privatization of two public sector banks on 15 and 16 March 2021. After this, a strike was held on 16 and 17 December 2021 in protest against the Banking Laws (Amendment) Bill 2021.
What is the reason for the strike
Significantly, the All India Bank Officers Confederation (AIBOC) had announced an agitation against the privatization of public sector banks. Central Bank of India, Indian Overseas Bank, Bank of Maharashtra and Bank of India were suggested by the main group of secretaries set up by the government on disinvestment.
What will happen to the employees after privatization?
According to media reports, before privatization, these banks can take attractive Voluntary Retirement Scheme (VRS) for their employees. That is, it is also a matter of concern for the employees.
Finance Minister’s statement
In the Lok Sabha, the Finance Minister had said that the budget for 2021-22 had to approve the policy of privatization of two public sector banks (PSBs) and strategic disinvestment of public sector enterprises during the year. The consideration of various issues relating to disinvestment, which includes, inter alia, the selection of the bank, has been entrusted to the Cabinet Committee designated for the purpose. The decision in this regard has not been taken by the concerned cabinet committee for privatization of public sector banks.
Earlier IDBI Bank has become private
Let us tell you that in the year 1960, IDBI Bank was started under the name of Development Financial Institution. Later it was converted into IDBI Bank Bank. For this permission was given by the Parliament. All the nationalized banks in the country, all their work is controlled through parliamentary laws. As soon as these banks become private, the compulsion of Parliament ends.
