On Monday (March 28) and Tuesday (March 29), banks across the country will go on strike for two days to protest the Banking Laws (Amendment) Bill, 2021, and to resist the privatization of public sector banks.
A combined forum of central trade unions decided to strike. The All India Bank Employees Association stated on Saturday that it would go on strike for two days to protest the Central Government’s decision.
Apart from banking, other business sectors are expected to join the strike in solidarity with the banks against the Central Government’s policies. The telecom, oil, income tax, postal, coal, steel, copper, and insurance industries may support the strike.
The country’s largest lender, State Bank of India, has already expressed concern that banking services may be hampered due to a two-day strike announced by various staff unions on March 28-29.
“We advise that, while the bank has made essential provisions to guarantee normal operating in its branches and offices on strike days,” SBI noted in a regulatory filing, “work in our bank may be limited by the strike.”
The bank stated that it is unable to assess the possible damage as a result of the strike, according to SBI.