K M Dayashankar
KARIMNAGAR: Banking services had come to standstill from Thursday onwards following the two-day strike launched by the bank employees under the aegis of the Union Forum of Banks Union (UFBU), an umbrella of body of nine bank unions across the nation, in protest against the privatisation of the banks.
The UFBU had called for a two-day strike on Thursday and Friday affecting the regular banking and ATM services. Several public sector banks such as State Bank of India, Union Bank of India, Central Bank of India and others were participating in the strike disrupting the banking activities such as deposits, withdrawals at branches, cheque clearance, loan approvals etc.
The banking staff had vehemently opposed the privatisation of the public sector banks. They said that to facilitate privatisation, the government had listed the Banking Laws (Amendment) Bill, 2021, for instruction and passage during the current session of parliament.
In Karimnagar town, the bank employees associated with the UFBU have staged a massive dharna in front of the UBI RTC bus station complex denouncing the privatisation of the banks on Thursday. UFBU convenor V Damodar, president Ch Nikhil Kumar, AIUBOF state president T Rajkumar and others participated in the dharna. AITUC leader Tekumalla Sammaiah, CPI leader Koyyada Srujan Kumar, SBI and LIC union leaders had also participated in the dharna.