Banks lost ₹2.85 lakh crore due to loan default of 13 firms; UFBU calls for bank strike on December 16, 17
The Hindu
UFBU’s Convener B. Rambabu said the organisation calls for a 2-day all India bank strike on December 16 and 17 protesting against Banking Laws (Amendment) Bill 2021.
Public sector banks have lost nearly ₹2.85 lakh crore on account of loan dues of 13 corporates even as the banks are used to and IL&FS, United Forum of Bank Unions (UBFU) alleged on Monday.
In press release, UFBU’s Convener B. Rambabu said the organisation calls for a two-day all India bank strike on December 16 and 17 protesting against Banking Laws (Amendment) Bill 2021 and opposing the Centre’s alleged move to privatise PSBs.
According to the statistics given by the UFBU, the 13 corporates’ outstanding dues were at ₹4,86,800 crore and it was resolved at ₹1,61,820 crore resulting in a loss of ₹2,84,980 crore.
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