Though there are allegations from the bank employees, Modi Government Privatises 14 Government sponsored banks in the last 4 years. Still the central government is on its way to privatise 2 more banks in the coming weeks/months.
Central Government is planning to modify the “Banking Regulation Act” by decreasing their stake to 26% which is going to be passed-on in the upcoming Parliament Session.
Bank Employees are opposing this decision and with the help of “Federation Banking Union”(UFBU) and “All India Bank Employees Union”(AIBEA) all bank employees are calling “Nationwide Strike on December 16th and 17th”. In this regard, they already gave notice to the “Indian Banking Association”(IBA).
If the central government doesn’t withdraw the decision, then all the bank customers have to suffer on doing bank transactions on December 16th and 17th.
So if you are in need of cash, be prepared to plan in advance your banking transactions as there might be a strike on December 16th and 17th. So plan your banking needs in advance