Did you know that a decade before nationalization in 1969, there was an average of more than 35 private bank failures every year.
Still government wants to take the risk in favor of Corporates.
PSBs with Public
#PublicWithPSBs
It makes me sad everytime when I see the face of poor man looking for help in a Gov hospitals and Gov Banks...!!
How these people will be able to take advantage of any facility after privatisation ?
Bcoz our Gov is promoting greedy large Corporates...!!
#PrivatizationNoSolution
If privatization was the only solution, YES Bank and PMC Bank would not have collapsed.
We have witness of the failure of Pvt Banks in the past.
Everytime PSBs have rescued them by Swallowing the private losses and became the Savior of People's Money.
#PrivatizationNoSolution
Despite failure of big & old Pvt. financial institutions like:
◆PMC Bank
◆Lakshmivilas bank
◆Yes Bank
◆DHFL
◆IL&FS
If still Govt is moving with its privatization agenda then only we can say that #PrivatizationNoSolution and
#PublicWithPSBs have the faith in PSBs.
Nationalization of Banks was the single most
Important Economic decision taken by any
Govt since 1947. Not even the
reforms of 1991 are comparable in their
consequences.
- The RBI (Vol 3 -1967-81)
Crony Goverment Reversing that Decision.
#PrivatizationNoSolution
A Long Thread on #PublicWithPSBs
👉PSBs are Welfare Oriented. Policies are Designed to best suits the vulnerable Section of Society
👉Pvt Banks r profit driven & their policies r designed to make profit from every single penny deposited(1/n)
@idesibanda#PrivatizationNoSolution
#PublicWithPSBs Talked to many customers, asked them whether they wl be happy to have their account in Pvt Banks, They clearly said "NO".
Many said we have trust only on PSBs, dont have faith in Pvt Banks. @DFS_India@PMOIndia
If there are problems of unprofitability and NPAs in PSBs, it is of the government’s own making. How can they make that an excuse to privatise us? #PrivatizationNoSolution#PublicWithPSBs
𝗣𝘂𝗯𝗹𝗶𝗰 𝗦𝗲𝗰𝘁𝗼𝗿 𝗕𝗮𝗻𝗸𝘀 Provide a Security Net 4 Society to Fall Back upon, 4 the Person at the end of the line to be Aspirational so that he too can be part of the Indian Dream.All this Indicates a social Motive and not a Profit Motive
#PrivatizationNoSolution
It is very important to consider that Privatization alone would not solve all of the problems faced by the sector. A better solution than privatization may well be giving PSBs autonomy to reform themselves and function free of political interference.
#PrivatizationNoSolution
Before Nationalisation in 1969 it was Class Banking "Only for Rich Class"
After Nationalisation it is now mass Banking "Banking for the Middle & Poor Class"
𝗕𝗮𝗻𝗸 𝗣𝗿𝗶𝘃𝗮𝘁𝗶𝘀𝗮𝘁𝗶𝗼𝗻 𝗶𝘀 𝗮𝗴𝗮𝗶𝗻𝘀𝘁 𝗰𝗼𝗺𝗺𝗼𝗻 𝗽𝗲𝗼𝗽𝗹𝗲
#PublicWithPSBs@HansrajMeena@AShukkla