Not All Banks Will Be Privatised: Finance Minister Nirmala Sitharaman ensures bankers on strike

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.

Alongwith FM @nsitharaman Ji, briefing the media on #CabinetDecisions https://t.co/yHTw927QN9

— Prakash Javadekar (@PrakashJavdekar) March 16, 2021

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 privatise two public sector banks as part of its ambitious disinvestment drive to generate â‚¹ 1.75 lakh crore. The minister had also announced a deadline for the overall disinvestment project -- completion of the Financial Year of 2022.

If You Like This Story, Support NYOOOZ

NYOOOZ SUPPORTER

₹ 10 - ₹ 1000

NYOOOZ FRIEND

₹ 2000 - ₹ 5000

Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.