Banks To Remain Closed For 4 Days From Tomorrow; Know Why

Representative Picture

Bhubaneswar: The banking service will be impacted for four consecutive days from March 26. While banks will remain closed on the first two days owing to bank holidays (fourth Saturday and Sunday), they will be shut on March 28 and 29 due to strikes by various employees’ unions.

More than 5 lakh bank employees and officials are expected to participate in the strike to oppose the government’s move to privatise public sector banks and the Banking Laws Amendment Bill 2021.

According to the PNB exchange filing, the All India Bank Employees’ Association (AIBEA), Bank Employees Federation of India (BEFI) and All India Bank Officers’ Association (AIBOA) have given notice about the decision to go on a nationwide strike.

The State Bank of India said necessary arrangements have been made to ensure normal functioning of its branches and offices during the strike days. “It is likely that work in our bank may be impacted to a limited extent, by the strike,” the SBI added in a regulatory filing.