clarification about bank privatized!

     Written by : SMTV24x7 | Wed, Mar 17, 2021, 11:34 AM

Union finance minister has clarified about bank privatized!

Union finance minister Nirmala Sitharaman has assured that not all banks will be privatized and wherever it happens, the interest of the employees will be protected. Addressing the media amid a two-day nationwide bank strike called by nine unions against the proposed privatization, she said, "The decision of Privatization is a well thought out decision. We want Banks to get more equity... We want banks to meet the aspirations of the country".
"Those banks which are likely to get privatized, the interest of every staff member will be protected. Interest of existing employees will be protected at all cost," Ms Sitharaman said.

"Public sector enterprise policy very clearly says that we will continue with PSBs. Interests of the workers will absolutely be protected," she added.

Banks across the country were shut on Saturday and Sunday. Today, key banking operations across the country have been hit by the strike, in which as many as 10 lakh bank employees are expected to participate.

The strike was triggered by the government's plan to privatize two public sector banks as part of its ambitious disinvestment drive to generate Rs 1.75 lakh crore. The minister had also announced a deadline for the overall disinvestment project - completion of the Financial Year of 2022.

In her speech today, Ms SItharaman also took on Congress's Rahul Gandhi, who has criticized the government's move in a tweet.

"GOI (the Government of India) is privatizing profit & nationalizing loss. Selling PSBs to Modicronies gravely compromises India's financial security. I stand in solidarity with the striking bank employees," Mr Gandhi's tweet read.

"Rahul Gandhi has probably outsourced his comments to outsiders. These two liners do not help. I would want him in engage in serious discussion… Rahul Gandhi should think, do homework first and then level allegations against us," the minister said.