CHENNAI: With the conciliation meeting between bank unions and the Central government failing, about 10 lakh bank employees will strike work for two continuous days, i.e. on  March 15 and 16, protesting against the government decision to privatize public sector banks, the All India Bank Employees' Association (AIBEA) said on Thursday.

According to AIBEA General Secretary CH  Venkatachalam, the conciliation meeting held between the bank unions and the Union Finance Ministry on March 4, 9 and 10 failed.

The unions said they would reconsider their strike call if the government agrees to reconsider their decision to privatise public sector banks.

As the Finance Ministry representative could not give any such commitment, the conciliation meeting did not yield any positive result, they said.

Several bank unions have called for a bank strike across the country on March 15 and 16 against the proposed privatization of two state-owned lenders by the government.

These unions comprise All India Bank Employees Association, All India Bank Officers' Confederation, National Confederation of Bank Employees, All India Bank Officers' Association, Bank Employees Federation of India, Indian National Bank Employees' Federation Federation of Canara Bank Employees' Congress, Indian National Bank Officers' Congress, National Organisation of Bank Workers, National Organisation of Bank Officers, All India Nationalised Bank Officers' Federation Canara Bank Officers' Association.

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