Gujarat’s public sector banks will remain shut for four days from 26th March to 29th March (Saturday to Tuesday).
On Wednesday, members of the Maha Gujarat Bank Employees Association (MGBEA) announced a nationwide strike to protest the government’s alleged anti-public sector bank policies.
The bank closure will impact transactions worth Rs 20,000 crore over two days, suggest MGBEA estimates.
Janak Rawal, general secretary, MGBEA, said that their protest is against the government’s bid for the privatisation of public sector banks. Among other demands made by MGBEA also includes that the contract workers must be made permanent.
However, trade and industry bodies are irked with the closure of banks for four consecutive days, as it is ahead of the financial year ending on 31st March.