Nine unions under the United Forum of Bank Unions (UFBU) have called for a two-day bank strike on Monday and Tuesday against the proposed privatization of two state-owned banks. All India Bank Employees Association (AIBEA) General Secretary CH Venkatachalam claimed that about 10 lakh employees and bank officials would be involved in the strike. In the General Budget presented last month, Finance Minister Nirmala Sitharaman had announced the privatization of two public sector banks in FY 2021-22 as part of its disinvestment plan. In the last 4 years, the government has merged 14 state-owned banks.
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Two-day bank strike begins today, 10 lakh employees to join protests
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