Bank Privatization – The central government of India has already been taking the decision of privatizing various Govt. agencies for few times now. Air India has been privatized days back. This time the decision of privatizing 2 Govt. banks has been taken.
All the things you need to know about “Bank Privatization”.
The term of “Bank Privatization” has scared enough the customers. The customers of those banks are worried about their savings.
Apart from the telecom and travel sectors, Central Govt. has also taken the path of privatization in the banking sector. Niti Ayog here takes the lead.
Punjab National Bank, Union Bank, Canara Bank, State Bank of India, Indian Bank and Bank of Baroda are all on the Niti Aayog-released list. Finance Minister Nirmala Sitharaman is not silent about it.
Nirmala Sitharaman had said “Interests of workers of banks which are likely to be privatised will absolutely be protected whether their salaries or scale or pension all will be taken care of“. She announced in the budget address that 2 public sector banks will be privatized.
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Written and edited by Rajeshwari.