Banks are likely to remain closed for four days from Saturday
The United Forum of Bank Unions’ strike has been called for March 15 and 16
However, as March 13 is a second Saturday, the closure would result in four days
If not called off, all bank branches will remain closed from March 13 to 16
ATMs will be closed on March 16 and 17
The Strike Committee claims that 90% of the workers will participate in the strike
Employees of general insurance companies will not work on March 17
LIC workers will observe a one-day strike on March 18
The strike is against the privatisation of public sector banks and insurance companies
According to the strike committee, privatisation will not save the banks
Non-performing assets created by corporates is one of the problems public sector banks face
In the last eight years, 12 banks have written off Rs 6.3 lakh crore
Also with privatisation, many people will lose their jobs
The committee also said the change would force workers to work longer hours without overtime
