The nationwide two-day bank strike has hit hard the state with 90 per cent of banks remaining closed in the state on Monday. A total of nine bank unions under the United Forum of Bank Unions have called the nationwide strike to protest against the privatization of public sector banks and retrograde bank reforms. Since banks were already closed last Saturday and Sunday, this culminates into four days of closure. Employees of several banks also staged protests in different parts of Tripura. Jahar Lal Dey, general secretary of BEFT said that in Tripura all the nationalized banks remained closed on Monday. The Tripura Gramin Bank (TGB) staff also extended their support to the strike, though cooperative banks remained out of the purview of this strike. In her budget speech, the Union finance minister Nirmala Sitharaman spoke of privatization of two nationalized banks and also an insurance company in the current financial year. Various organizations of bank employees are protesting against this decision of the central government. The United Forum of Bank Unions leadership claimed that about a million people are involved in banking services across the country. Between 2014 and 2018, about 38 corporates looted about Rs 77,500 crore from banks. The central government waived off Rs 68,607 crore for 50 defaulters.

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