Tribune News Service Amritsar March 16 Manufacturers and traders suffered huge losses on account of the two-day strike of the nationalised banks which concluded today. Textile traders said they are finding it difficult to receive payments on account of bank strike. They state that about Rs 500 crore transactions take place every day in over 300 banks in the district. The banks are lying closed for the past four days. It meant that a transaction of nearly Rs 2000 crore did not take place. Traders involved in the FMCG sector said post GST all their payments were routed through banks and closure for such a long period of time would upset their dealings. Economic activities associated with banks including cash transfers cash withdrawals deposits cheque clearing and business transactions remained crippled on the second day today. The two-day strike of the public sector banks concluded today. All local branches remained closed. The United Forum of Bank Unions (UFBU) an umbrella body of nine unions had given a call for the strike against the impending move of the Union Government to privatise two public sector banks. Rakesh Bajaj senior vice-president of the Punjab Bank Employees Federation said all branches of the public sector banks were closed.

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