The Communist Party of India (CPI) on Tuesday extended “full support” to the proposed bank strike on Thursday and Friday, opposing the Union government’s move to privatise public sector banks.

A release by CPI Central Office, New Delhi stated that the general secretary of CPI D Raja wrote to PM Modi urging him to desist the move of privatising the public sector banks. It recalled that CPI was in the forefront in the successful fight for bank nationalisation, which paved the way for taking banking to the rural areas and other unbanked sections of the public.

“The party reiterates its stand that the government must desist from the move and ensure that people’s money is protected and used only for people’s development and not for corporate loot”, it added.