• Not all banks will be privatized: Nirmala Sitharaman


    New Delhi: Amidst the ongoing bank union strikes against the government’s proposed idea of privatizing public sector banks, Finance Minister of India Nirmala Sitharaman said that not all banks will be privatized and wherever it happens, the interest of the employees will be protected.

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    "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.

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    "Public sector enterprise policy very clearly says that we will continue with PSBs. Interests of the workers will absolutely be protected," she added.

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    Banks across the country were shut on Saturday and Sunday. On Tuesday, key banking operations across the country were hit by the strike, in which as many as 10 lakh bank employees are expected to participate.

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