Nirmala Sitharaman
Not all banks will be privatised, assures Nirmala Sitharaman
New Delhi: Union Finance Minister Nirmala Sitharaman on Tuesday assured that merging of banks or privatisation of financial institutions will not hurt the interest of the employees.
"Interests of workers of banks which are likely to be privatized will absolutely be protected - whether their salaries or scale or pension, all will be taken care of," she said.
She said all banks of the country are not going to be privatized.
"We have announced a Public Enterprise Policy, where we have identified 4 areas where public sector presence will be there, in this, financial sector too is there," she said.
She made the remarks at a time when the country witnessed two-day bank strikes.
The strike was called by the United Forum of Bank Unions (UFBU).
It is an umbrella body of nine bank unions.
Banking operations have been hit across the country as nearly 10 lakh employees, officers and Managers went on strike from Monday.
The two-day strike was called to protest against the Centre's proposed privatisation of Public Sector Banks (PSBs).
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