On March 15 and 16th of 2021, the United Forum of Bank Unions called for a two day strike in order to oppose the proposed privatization of Public Sector Banks by the Centre. 

The Finance Minister, Nirmala Sitharaman in her Union Budget Speech 2021-22 stated that the Centre wanted to privatise IDBI and two other banks. More than 10 lakh banking employees have gone on strike in March 2021 against privatisation. 

Let's go down to the basics of banking- What is the function of banks, and how did they evolve. To get the answers to these fundamental questions on banking, Kunika Balhotra, Suno India’s Research and Communications Officer reached out to Amol Agrawal. 

Amol is a faculty in the Economics Area at Amrut Mody School of Management at Ahmedabad University. He has about 10 years of Work Experience mainly as an economist in financial markets in Mumbai. He is an avid blogger and his blog is consistently ranked amidst top 100 economics blogs in the world. Check out his blogs, “Mostly Economics” here. 

On March 15 and 16th of 2021, the&nbsp;United Forum of Bank Unions called for a two day strike in order to oppose the proposed privatization of Public Sector Banks by the Centre.&nbsp;
The Finance Minister, Nirmala Sitharaman in her Union Budget Speech 2021-22 stated that the Centre wanted to <a href="https://www.business-standard.com/article/economy-policy/bank-strike-ends-unions-warn-stir-if-govt-goes-ahead-with-privatisation-121031601242_1.html">privatise</a>&nbsp;IDBI and two other banks. More than 10 lakh banking employees have gone on strike in March 2021 against privatisation.&nbsp;
Let's go down to the basics of banking- What is the function of banks, and how did they evolve. To get the answers to these fundamental questions on banking, Kunika Balhotra, Suno India&rsquo;s Research and Communications Officer reached out to&nbsp;<a href="https://twitter.com/mostlyeconomics">Amol Agrawal</a>.&nbsp;
Amol is a faculty in the Economics Area at Amrut Mody School of Management at Ahmedabad University. He has about 10 years of Work Experience mainly as an economist in financial markets in Mumbai. He is an avid blogger and his blog is consistently ranked amidst top 100 economics blogs in the world. Check out his blogs, &ldquo;Mostly Economics&rdquo;&nbsp;<a href="https://mostlyeconomics.wordpress.com/about/">here</a>.&nbsp;

The Suno India Show’ is a news show by Suno India combining slow journalism with under-represented and under-reported stories. Covering the diverse range of topics like politics, technology, education and society, the host brings in informative interviews and engaging discussions with experts. The show not only shines a spotlight on stories that matter but keeps the listeners up to date with the latest national news.

The Suno India Show&rsquo; is a news show by Suno India combining slow journalism with under-represented and under-reported stories. Covering the diverse range of topics like politics, technology, education and society, the host brings in informative interviews and engaging discussions with experts. The show not only shines a spotlight on stories that matter but keeps the listeners up to date with the latest national news.

Advertisement