Bank employees unions are planning to intensify their fight against the government’s plan to privatize public sector banks. NS United Forum of Bank Unions (UFBU), an umbrella body of nine major bank unions, is planning a sit-in across the state capital on Saturday to protest the proposed privatization of two state-owned lenders.

In Union Budget Introduced in February, Finance Minister Nirmala Sitharaman had announced the privatization of two public sector banks (PSBs) as part of her disinvestment plan.

Unions have also threatened to observe two-day all India Bank strike on 16th and 17th December.

The members of the UFBU include All India Bank Employees Union (AIBEA), All India Bank Officers’ Confederation (AIBOC), National Confederation of Bank Employees (NCBE), All India Bank Officers Association (AIBOA) and Federation of Indian Bank Employees (BEFI).