As in the Union Budget 2021, the Finance Minister Nirmala Sitharaman announced privatization of two more PSBs, PSB employees have said that they might observe two days' strike in March as a result banking services shall be disrupted. The proposal for strike has been made for March 15 and 16. Other than that March 13 happens to be second Saturday of the month and March 14 is a Sunday. Consequently, banks will be closed for 4 days in a row in the month of March.
There is a sense of fear among employees as any small or big bank can be part of this government's privatization drive. And for the purpose unions of 9 banks have take a call to go on strike protesting the move.
In last 4 years a total of 14 banks have been privatized and in 2019, IDBI was also privatized.
Members of UFBU include All India Bank Employees Association (AIBEA), All India Bank Officers' Confederation (AIBOC), National Confederation of Bank Employees (NCBE), All India Bank Officers' Association (AIBOA) and Bank Employees Confederation of India (BEFI).
Others are Indian National Bank Employees Federation (INBEF), Indian National Bank Officers Congress (INBOC), National Organisation of Bank Workers (NOBW) and National Organisation of Bank Officers (NOBO)