#Bankbachao_deshbachao trends on Twitter as bankers oppose PSB privatisation

#Bankbachao_deshbachao trends on Twitter as bankers oppose PSB privatisation

Public sector banks call for strike over privatisation

FPJ Web DeskUpdated: Tuesday, March 09, 2021, 02:02 PM IST
article-image
What is the #BankBachao_DeshBachao about? | Pexels

Public sector banks' unions have called for strike on March 15 and 16, 2021 over privatisation of public sector banks. This announcement was followed by a hashtag #bankbachao_deshbachao which is in trending.

The unions have called for a strike because the Indian government has plans to privatise four public sector banks.

It is stated that the government has shortlisted four mid-sized state-run banks for privatisation. Earlier, the government was considering only two public sector banks but now it plans to privatise four banks. The four banks shortlisted are Bank of Maharashtra, Bank of India, Indian Overseas Bank and the Central Bank of India.

Bankers have taken to twitter to express their solidarity to the cause to stop privatisation of banks.

Meanwhile, lawyer and activist Prashant Bhushan wrote on the microblogging site that the assets of India will be sold to cronies. Kanhaiya Kumar also extended his support to this campaign. He said that the government property is actually the property of the country and the country is made up of the people. In this sense, a public bank is a bank of the common people. He added further that if the country is to be saved, banks have to be saved.

Some try to explain the positives of having a public sector banks.

RECENT STORIES

India’s Festive Season To Create Over 2.16 Lakh Jobs In H2 2025, Driven B Retail, E-commerce And...

India’s Festive Season To Create Over 2.16 Lakh Jobs In H2 2025, Driven B Retail, E-commerce And...

Gold Drops β‚Ή500 Amid Stockist Selling, Silver Falls β‚Ή1,000 Despite Global Gains

Gold Drops β‚Ή500 Amid Stockist Selling, Silver Falls β‚Ή1,000 Despite Global Gains

Tech Mahindra Q1 FY26 Net Profit Rises 33.9% To β‚Ή1,140.6 Crore; Revenue Grows Marginally To...

Tech Mahindra Q1 FY26 Net Profit Rises 33.9% To β‚Ή1,140.6 Crore; Revenue Grows Marginally To...

Govt Approves β‚Ή20,000 Crore Investment Power For NTPC To Add 60 GW Green Energy By 2032

Govt Approves β‚Ή20,000 Crore Investment Power For NTPC To Add 60 GW Green Energy By 2032

Telecom Operator MTNL Defaults On β‚Ή8,585 Crore Loans to 7 PSU Banks

Telecom Operator MTNL Defaults On β‚Ή8,585 Crore Loans to 7 PSU Banks