Not all banks will be privatised: Govt

New Delhi, Mar 16: Union finance minister Nirmala Sitharaman has assured that not all banks will be privatised 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 privatisation, 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 privatised, 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.