Bank Strike On March 28-29 Against Privatization – Official Report
Strike by bank employees to protest against privatisation of banks
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF FINANCIAL SERVICES
RAJYA SABHA
UNSTARRED QUESTION No. 2145
TO BE ANSWERED ON 22nd MARCH, 2022(TUESDAY)/ CHAITRA 1, 1944 (SAKA)
Strike by bank employees
2145. SHRI M. SHANMUGAM:
Will the Minister of FINANCE be pleased to state:
(a) whether Public Sector Bank unions went on strike to protest against privatization of banks and demanded to withdraw the Banking Laws (Amendment) Bill, 2021;
(b) if so, the details thereof and the response of the Government thereon;
(c) whether Government would hold talks with various Bank unions to resolve the issue including giving assurance of job security and not adversely affecting their working conditions;
(d) if so, the details thereof; and
(e) if not, how does Government assure the Bank unions that the reduced shareholding will not affect their interests?
ANSWER
MINISTER OF STATE IN THE MINISTRY OF FINANCE
(DR. BHAGWAT KARAD)
(a) to (e): United Forum of Bank Unions (UFBU) of public sector banks went on strike in the month of December 2021. In this respect, various conciliation meetings were held by the Additional Chief Labour Commissioner (C) on 8.12.2021 and 14.12.2021 with the representatives of the Unions/Associations. The representatives of the unions have flagged their viewpoints in the meetings.
As per inputs received from the Department of Investment and Public Asset Management (DIPAM), in respect of the strategic disinvestment of Central Public Sector Enterprises (CPSE), concerns of employees in relation to protection and service conditions are appropriately addressed in the Share Purchase Agreement.
Source: Rajya Sabha