Day-to-day operations of State Bank of India (SBI) is likely to be hit on 15 and 16 March due to a 2-day nationwide bank strike. The bank employees’ unions have declared a strike to protest against the centre’s plan move to privatise public sector banks.
In its exchange filing on 10 March, SBI notified, “…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 arrangements have been made by the country’s top lender 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.
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).