Protests by organizations against bank privatization of government, Parliament announced in March

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By: Jeet Ghosh

Last Update: 2021-02-20 11:53:12 IST

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The statement said that, 'we will hold a sit-in demonstration in front of Parliament during the budget session on 10 March. After this, on 15-16 March 2021, 10 lakh employees and officers of banks will go on a two-day strike. If the government goes ahead with its decision, we will intensify the movement.'

Bank employee organizations protested in all state capitals on Friday to protest against the government's plan for privatization. Employees' organizations said they would encircle Parliament in March if their demands were not met. 

It is known that Finance Minister Nirmala Sitharaman had announced the privatization of two public sector banks during her budget speech earlier this month. The All India Bank Employees Association (AIBEA) said in a statement that under the banner of the United Forum of Unions, nine million unions AIIBA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW and NOBO together have about 10 lakh bank employees and officials in the government. Are agitating against the proposal of AIBEA said that after Friday's dharna, the bank organizations would hold protests across the country during the next 15 days.

AIBEA Secretary General CH Venkatachalam said that the only problem faced by state-owned banks is bad loans, which are taken by most corporate and wealthy industrialists. Instead of taking action on them, the government wants to privatize banks. 

The statement said that, 'we will hold a sit-in demonstration in front of Parliament during the budget session on 10 March. After this, on 15-16 March 2021, 10 lakh employees and officers of banks will go on a two-day strike. If the government goes ahead with its decision, we will intensify the agitation and go on a prolonged strike and an indefinite strike. According to the statement, we demand that the government revisit its decision.'

AIBEA Secretary General CH Venkatachalam said that, 'we have seen problems in ICICI Bank. Therefore one cannot say that private sector banking is very efficient. AIBEA said that in addition public sector banks have given permanent jobs to young unemployed, whereas private banks have only contract jobs.'

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