Banks to remain closed today and tomorrow as employees protest against privatisation

New Delhi,16/12: The United Forum of Bank Unions (UFBU), the apex body of 9 organizations of bank employees, has announced a two-day strike on 16 and 17 December 2021. The United Forum has called for a nationwide strike (National wide bank strike on 16 & 17 Dec 2021). Let us inform that this strike has been announced against the proposed privatization of two public sector banks. In such a situation, all the banks of the country including State Bank of India will remain closed today and tomorrow.



Privatization of two banks has been announced

Finance Minister Nirmala Sitharaman, while presenting the budget for the financial year 2021-22, announced the privatization of two public sector banks under the disinvestment target of raising Rs 1.75 lakh crore. Earlier in 2019, the government had privatized IDBI Bank by selling its majority stake in IDBI Bank to LIC.

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