Finance Minister Said Not All Banks Will Be Privatised Addressing Media - Viral Bake

Nirmala Sitharaman said to the media that “we want to banks to meet the aspirations of the country.”

Union Finance Minister Nirmala Sitharaman said that no all banks will be privatized and whenever it happens, the employee’s interest will surely be protected. She said during the 2 days bank strike against the proposed invitation that “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”.

Source: India TV News

Ms Sitharaman also added to her statement that “The banks which are getting privatised, the employee’s interest will be taken care of. The interest of current employees will be protected at any cost.” The public sector enterprise policy clearly says that we would be continuing with PSBs, but the employee’s interest, whether it is about pension or their salary, will surely be protected in any circumstances.


Also Read: These Banks Offer Over 7% Interest Rate On Fixed Deposits (FD)

Banks all over the country closed on Saturday and Sunday. On Tuesday, banking operations and services were worst hit by the strike all across the country, in which over 10 lakhs bank employee was expected to participate.  

The bank strike took place because of the government’s plan to privatise two public sector banks as part of its go-getting disinvestment drive making ₹ 1.75 lakh crore. The Union Finance Minister also announced the deadline for the disinvestment project, i.e. till the end of the Financial Year of 2022.

Rahul Gandhi Tweet:

In her speech, she also took on Rahul Gandhi, who criticised the Modi Government for this move. Rahul Gandhi’s tweeted – “The Government of India is privatising profit & nationalising loss. Selling PSBs to Modicronies gravely compromises India’s financial security. I stand in solidarity with the striking bank employees.”

Also Read: Soon There Would Be Only 5 Public Sector Aka Sarkari Banks As Rest To Go The Privatization Way

In reply to Mr Gandhi tweet, Ms Seetharaman said he (Rahul Gandhi) should do the homework first and then put allegations against us. In UPA, they were privatising public money.


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Vivek Singh

With over 5 years of writing obituaries for a different organisation, I have a uniquely wry voice that shines through in my newest collection of articles.