Financial institution unions name for strike

New Delhi, February 9

The United Forum of Bank Unions (UFBU), an umbrella body of nine unions, on Tuesday gave a call for a two-day strike from March 15 to protest the proposed privatisation of two state-owned lenders.

In the Union Budget presented last week, Finance Minister Nirmala Sitharaman announced the privatisation of PSBs as part of its disinvestment plan.

The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the past four years. — PTI

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