Bank unions call for strike on March 15, 16 against privatization

Bank unions on Tuesday called for a two-day strike starting March 15, against the proposed privatization of banks.

During a meeting in Hyderabad on Tuesday, the United Forum of Bank Unions also decided to hold a day-long ‘Dharna’ (protest) in all state capitals on February 19 followed by a relay ‘dharnas’ from February 20 to March 10 in all states, districts, and towns.

A statement by the All India Bank Employees’ Association said that the meeting discussed the various announcements made in the budget regarding reform measures including privatization of IDBI Bank and two public sector banks and setting up of the bad bank.

“The meeting observed that all these measures are retrograde and hence need to be protested and opposed,” it said.

After deliberations, the meeting decided that intensive struggle programs and agitational actions have to be launched to fight back these policies of the government, the AIBEA statement said.

It added that further strikes will be decided to look at developments.

“The Government’s announcement to privatize our public sector banks is totally unfortunate and unwarranted. The need of the hour is to strengthen public sector banks,” the statement said.

Further, the meeting took note of the continuing agitation by the farmers against the farm laws enacted by the government expressed its solidarity with their struggle, it said.

“The meeting adopted a resolution urging upon the government to reconsider their standpoint and find amicable solutions to the demands of the farmers.”