Banks To Stay Closed For Next 4 Days, Strike On December 16 and 17

Operations of several public lenders including State Bank of India (SBI) are expected to be hit on December 16 and December 17 on account of a nationwide strike by public bank unions and employees.

Employees of several state-owned banks including State Bank of India (SBI) will go on a two-day strike from Thursday. The United Forum of Bank Unions (UFBU), which is an umbrella body of 9 bank unions has called a two-day strike to protest government’s decision to privatise several banks in the country.

India’s largest public sector bank in a notice to stock exchanges said it is likely to face disruption in view of the proposed two-strike on December 16 and December 17.