Public Sector Bank Unions To Intensify Protest, Call For More Strikes Against Privatisation Bid

In the general council meeting held on Sunday (4 April), the banks union has resolved to intensify the campaign against banks' proposed privatisation as reported by Livemint.

All India Bank Employee's Association, AIBEA, on Sunday issued a statement after the meeting.

"The general council meeting has called upon all our unions and members all over the country to continue the struggle against bank privatisation, get ready for prolonged strikes and intensify our campaign to defend public sector banking and defeat attempts of privatisation" read the statement.

Banks have also started to reach out to customers and the public to rally support.

"Public sector banks provide permanent jobs for the educated youth. But we know the plight of the employees working in the new private banks where job security is totally absent. Fair wages are denied. Trade union rights are non-existent. Thus, privatisation of banks will enslave the young employees into these adverse conditions," said AIBEA in a statement.

Banks union are protesting against the privatisation of two public sector banks (PSBs) as proposed in the Union budget 2021.