Bank employees to go on two day strike, on 15th & 16th March, 2021, against privatisation.

The United Forum of Bank Unions (UFBU), the umbrella body of nine trade unions, has given call for a two day country wide strike on 15^th & 16^th March, 2021, against privatisation of the Public Sector Banks. Finance Minister, Nirmala Sitharaman has announced in her Budget speech that, two public sector banks would be privatised. The NDA government has already sold the IDBI Bank. It is also in the process of privatising LIC, among other measures, like increasing FDI in the insurance sector up 74%, setting up of a “Bad Bank”, etc. BSNLEU congratulates the UFBU for it’s fight against privatisation.