The working of the State Bank of India (SBI) is likely to be affected on 15 and 16 March due to a 2-day nationwide bank strike. The bank employees’ unions have called a strike to protest against the government’s move to privatise public sector banks.
In an exchange filing on 10 March, SBI said, “…we have been advised by Indian Banks Association (IBA) that United Forum of Bank Unions (UFBU)… has given a call for all India strike by bank employees on 15th & 16th March 2021.”
While the country’s top lender has made all the arrangements to ensure normal functioning in its branches and offices, it is likely that the work in the bank may be impacted by the strike, it said. So, if you have some urgent bank work that needs to be done, do it today or tomorrow. As banks will be closed on 13 March (Second Saturday), 14th is a Sunday, then 15th 16th (Monday, Tuesday -bank strike).
The United Forum of Bank Unions (UFBU), an umbrella body of nine unions called for a bank strike across the country on March 15 and 16. UFBU comprises of nine major unions All India Bank Employees’ Association (AIBEA), All India Bank Officers’ Confederation (AIBOC), National Confederation of Bank Employees (NCBE), All India Bank Officers’ Association (AIBOA), Bank Employees Federation of India (BEFI), Indian National Bank Employees Federation (INBEF), Indian National Bank Officers’ Congress (INBOC), National Organisation of Bank Workers (NOBW) and National Organisation of Bank Officers (NOBO).