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Bank strike: Key services to be hit as unions call 2-day agitation to protest privatisation

Bank strike: Key services to be hit as unions call 2-day agitation to protest privatisation

Finance
Banking operations across the country, such as deposits and withdrawal at branches, cheque clearance and loan approvals , have been hit as United Forum of Bank Unions (UFBU) began a two-day agitation to protest against the proposed privatisation of two state-owned lenders. UFBU, an umbrella body of nine unions, in a statement claimed that about 10 lakh bank employees and officers of the banks will participate in the strike. Public sector lenders, including informed their customers that their normal working could be affected if the strike materialises. However, branches of private sector lenders like ICICI Bank, HDFC Bank and Axis Bank are open as they are not part of the strike. The strike comes after Union Finance Minister Nirmala Sitharaman's Budget announcement where she announced the ...