Public Sector Banks To Observer Strike On Feb 23-24

| Updated: January 21, 2022 3:49 pm

As many as 3669 branches of nationalized banks will likely remain closed during the two-day strike on February 23 and February 24. The public sector banks across Gujarat will observe this strike to protest the proposed privatization
of public sector banks as part of the Banking Regulation Bill.

The transactions worth Rs 17,000 crore are to take a hit due to the strike.

Around 50 thousand employees of banks will join the strike, however, the employees of the State Bank of India haven’t yet shown support. Moreover, the bankers are also opposing the proposed amendments in labour laws.

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