Mumbai: Banks in Maharashtra to be shut for four consecutive days from March 26 to 28. Banking services will be affected as banks will be closed for 4 consecutive days from March 26 to March 28 in Maharashtra. as reports from ABP MAJHA.
Banks will remain shut due to a strike by various employees’ unions as On March 28 and 29, while on March 26 and 27, they will be closed due to bank holidays.
5 lakh bank employees and officials will participate in the strike claimed by the union.
The strike has been called to oppose the government’s move to privatize public sector banks and the Banking Laws Amendment Bill 2021. The Banking Laws (Amendment) Bill, 2021, which facilitates privatisation of two public sector banks (PSBs) as part of the Rs 1.75 lakh crore disinvestment target in the current fiscal year, is awaiting union cabinet’s approval, government officials privy to the developments.
”We advise that while the bank has made necessary arrangements to ensure normal functioning in its branches and offices on the days of strike, it is likely that work in our bank may be impacted to a limited extent, by the strike,” SBI said in a regulatory filing.
The bank said it cannot estimate the potential loss due to the strike.
