Protesters unhappy with the provincial Liberal government's move to tighten spending while dishing out a multimillion-dollar payroll rebate to a major Canadian bank fixed a protest banner to the bank on Monday.

The sign is outside the RBC branch on Quinpool Road in Halifax.

The group calls itself the Concerned Youth of Nova Scotia and says it is unhappy with various "austerity" measures introduced by the Liberals in their recent budget, including lifting the cap on university tuition and axing a large portion of the film tax credit.

At the same time, it notes the province is giving the Royal Bank of Canada up to $22 million in payroll rebates to open a financial services centre in Halifax.