Banks to go for two-day nationwide strike on Dec 16 and 17


Guwahati: Bank unions are going ahead with the two-day strike called earlier for December 16-17 to oppose the government’s proposed Bill for privatisation of two public sector banks slated to be introduced in the ongoing winter session.

The purpose of the Bill is to privatise two public sector banks, amendments need to be made in Banking Companies (Acquisition and Transfer of Undertakings) Acts, 1970 and 1980 as well as incidental amendments are required to be made in the Banking Regulation Act, 1949.

United Forum of Bank Unions convener Mahesh Mishra on Thursday said the government wants to pass the Banking Reforms Bill in the current session of Parliament, paving the way for privatisation.

He said in a statement that the United Forum will hold a sit-in against this Bill as part of the movement starting from Friday (December 3), and a two-day nationwide strike will be held on December 16 and 17 in protest against the Bill.