NEW DELHI, Feb 19 (TIWN): The United Forum of Bank Unions (UFBU), an umbrella body of nine unions, is observing strike from March 15 to protest against the proposed privatisation of two state-owned lenders. Along with the whole nation, protest was staged in Tripura also.

In the Union Budget presented last week, finance minister Nirmala Sitharaman announced the privatisation of two Public Sector Banks (PSBs)Â as part of its disinvestment plan.

The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the last four years.

It has been decided to oppose the government's decision to privatise banks during the meeting of UFBU held on Tuesday, All India Bank Employees Association (AIBEA) general secretary C H Venkatachalam said at national stage.