Banking services likely to disrupt on March 16-17 due to Bank Strike: Canara Bank

Canara Bank

Public sector lender Canara Bank on Thursday stated that banking services are likely to face interruption later this month due to the proposed strike by several bank unions on March 15-16.

“We have been informed by the Indian Banks’ Association (IBA) that the United Forum of Bank Unions (UFBU) has given a call for strike in the banking industry on March 15 and March 16, for issues relating to industry level and not for any bank level issues,” said Canara Bank in a regulatory filing.

Canara Bank said that it is taking the required steps to ensure the smooth functioning of bank branches and offices on the days of the proposed strike.

Also Read: Canara Bank reduces Interest rates on loans/advances

 “However, in the event of strike materialising, the functioning of the branches/offices may be impacted,” said the lender.

A group of bank unions are planning to call for a strike on March 15-16.

Also Read: All India Bank Strike: SBI branches, ATM services likely be hit

AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, IBOC, NOBW, NOBO and AINBOF are the bank unions that have proposed the strike against the proposed privatization of two state-owned lenders by the government.

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