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25,000 staff boycott duty opposing the move to privatise two banks Banking services were hit across the State as around 25,000 employees and officers went on a two-day strike on Monday, protesting the proposed privatisation of two public sector banks. The proposal was announced by Union Finance Minister Nirmala Sitharaman during her Union Budget speech in the Parliament. The bank employees owing allegiance to various constituent unions of the United Forum of Bank Unions (UFBU) boycotted their duties, in response to the nationwide strike call given by the UFBU. The bank employees also staged demonstrations across the State, opposing the move. 2,000 branches remain closed

Nirmala sitharamanRy srinivasa raoBad bankUnion budgetUnited forum of bank unionsUnion finance minister nirmala sitharamanUnited forumBank unionsDharna chowkAndhra pradeshBank employeesTwo day strikeCash transactions hitAtms dryCentral governmentBad loan