
In the Union Budget presented in February, Finance Minister Nirmala Sitharaman had announced the privatisation of two public sector banks (PSBs)

Bank strike continued for day-two on March 16, led by nine unions of public sector banks, opposing government's policy to privatise the lenders

However, branches of private sector lenders like ICICI Bank, HDFC Bank and Axis Bank are open as they are not part of the strike

Stuttering of bank operations due to frequent strikes called by unions does not bode well for the economy and causes immense suffering to customers