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Bank Strike on 16, 17 December: Other Than SBI, Services of THESE Banks to Remain Affected. Details Here

A two-day strike is called by the United Forum of Bank Unions (UFBU) on December 16 and 17. Along with the State Bank of India, three other banks will be affected due to the strike. They are the Central Bank of India, RBL Bank and Punjab National Bank, reported livemint.

PNB in a statement to the stock exchanges said that although they have made all the arrangements to ensure that their branches and offices work smoothly during the strike the operations may be affected.

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The Central Bank of India said they are taking all necessary measures to work smoothly during the strike but even they had a similar stand as PNB that the functioning might be affected.

On the other hand, the RBL bank said their employees who are associated with the protesting unions may take part in the strike. They also mentioned that the strike is related at an industry level and nowhere related to bank-level issues.

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The SBI (State Bank of India) previously said that its normal functionality will be affected due to the strike. They also mentioned that they have made necessary arrangements for the same. The bank unions are calling for a two-day strike to protest against the government’s plan to privatize public sector banks. Sanjay Das, General Secretary of AIBOC (All India Bank Officers Confederation)said that privatizing public sector banks won’t harm the priority sectors of the economy and also give credit flow to SFGs and the rural economy, he stated to PTI news agency.

General Secretary CH Venkatachalam of AIBEA (All India Bank Employees Association) said that for the past 25 years they have been opposing policies for banks that are aimed to weaken public sector banks.

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SBI urged their staff to not be a part of the strike in a tweet stating that it will cause a great inconvenience to the stakeholders amid the ongoing COVID 19 situation.

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