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Unions oppose move to privatise two public sector banks Updated: Updated: ‘It will deprive farmers, SHGs and the poor of subsidised and interest-free loans’ Share Article ‘It will deprive farmers, SHGs and the poor of subsidised and interest-free loans’ Banking operations were paralysed in Public Sector Banks (PSBs) across the old undivided Khammam district on Monday, on the first day of the two-day strike launched by the employees owing allegiance to the constituent unions of the United Forum of Bank Unions (UFBU). The UFBU has called for a two-day nationwide strike on Monday and Tuesday in protest against the Central government’s proposal to privatise two PSBs. The employees of various PSBs staged dharnas and rallies in Khammam, Kothagudem and several other parts of the erstwhile composite Khammam district. In Khammam, bank employees owing allegiance to the Union Bank Award Employees’ Union staged a demonstration holding placards. The plac ....