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|| Profit Making PSUs Also To Be Privatised ||
The employees belonging to nine public sector banking unions have gone on a two-day strike against privatization. Given that the banks were already closed for the weekend, this means many people wouldnt have had access to branch banking services for four days at a stretch.
In her budget speech, finance minister Nirmala Sitharaman had proposed to privatize two public sector banks (PSBs). Over and above this, the government also had plans to privatize IDBI Bank, which is now majority-owned by the Life Insurance Corp. of India, and hence, is categorized as a private sector bank.
https://www.livemint.com/opinion/online-views/while-psb-unions-strike-against-privatization-banking-sector-is-getting-privatized-11615813020175.html
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: || Profit Making PSUs Also To Be Privatised || The employees belonging to nine public sector banking unions have gone on a two-day strike against privatization. Given that the banks were already closed for the weekend, this means many people wouldnt have had access to branch banking services for four days at a stretch. In her budget speech, finance minister Nirmala Sitharaman had proposed to privatize two public sector banks (PSBs). Over and above this, the government also had plans to privatize IDBI Bank, which is now majority-owned by the Life Insurance Corp. of India, and hence, is categorized as a private sector bank. https://www.livemint.com/opinion/online-views/while-psb-unions-strike-against-privatization-banking-sector-is-getting-privatized-11615813020175.html