PSB privatisation: Banks remain shut, service hit on Day 2

The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the past four years. 

Bank employees protest inside a bank branch. Banking services in Maharashtra were affected on the second and last day of the pan-India bank strike.

Services like cash withdrawals, cheque clearances and other business related transactions were hit.

The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019, and has merged 14 public sector banks in the last four years.

The two-day nationwide strike of bank employees and officers, which started on March 15, has been called by the United Forum of Bank Unions (UFBU).

Unions claimed that on March 15, about 2 crore cheques/ instruments worth about Rs 16,500 crore were not cleared across the country.