A buzz has created among bank employees after reports of 50% share sell Of Central bank & Indian overseas bank. As per the media reports, the Centre has reportedly shortlisted the Central Bank of India and Indian Overseas Bank for divestment. However, officially asked employees to wait for the final call. No far no official statement has been made from any Central leaders. In the recent budget Finance Minister has announced that two banks would be privatised.
Keeping the situation in view All India Central Bank Employee Federation has asked employees to maintain peace, not to be panic, and wait for the final call as the reports from media are not from any official side of the government. All India Central Bank Employee Federation issue a letter and mentioned UFBU has met and it has been decided that further strike actions will be resorted to if the government would take any further steps to privatize the bank.