‘Privatisation will not serve the public cause’

‘Privatisation will not serve the public cause’

The Hindu

Operations in public sector banks here were completely paralysed on Monday as employees and officers commenced their two-day strike opposing the proposed privatisation of two public sector banks as announced in the Union Budget 2021. Members of United Forum of Bank Unions (UFBU), who took part in the strike, said that deposits in the nationalised banks have increased to around ₹146 lakh crore in the last five decades. If the banks were privatised, savings of the people would not benefit the country’s development programmes.
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