New Delhi: Banking operations including cheque clearance across the country was affected on Monday as bankers under the United Forum of Bank Unions (UFBU) have gone on a nationwide strike to protest against the proposed privatisation of two state-owned lenders. UFBU, an umbrella body of nine unions, had given a strike call for March 15 and 16, and claimed that about 1 million bank employees and officers of the banks will participate in the strike. However, branches of private sector lenders like ICICI Bank, HDFC Bank and Axis Bank are open as they are not part of the strike. In the Union Budget presented last month, Finance Minister Nirmala Sitharaman had announced the privatisation of two
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