Comments on: Should public sector banks be privatized?

By: Team GD Ideas

Team GD Ideas — Fri, 07 Aug 2020 05:47:41 +0000

In reply to Ravi Shankar. That's absolutely right! Well explained.

By: Ravi Shankar

Ravi Shankar — Wed, 29 Jul 2020 03:37:02 +0000

We cannot say privatisation is the ultimate solution in case of Public Sector Banks. We have seen Yes bank faltering, Jet Airways and Kingfisher going off the radar and so on. Also, it takes one person at the top to bring down a private company, but, a PAU cannot be shut unless the Government decides to do so. That way, public money is safer in PSBs. A majority of people, who approach public sector banks are middle class, salaried workers and pensioners, who can’t afford to take risks with their hard earned money. Moreover, it is the responsibility of the government to enforce strict work rules, work ethics, discipline and integrity among its bankers, in the same way as it does in case of armed forces and paramilitary organisations. Also, there must be no political intervention in governance of banks. They must be allowed to work freely, without fear. Ultimately the saying goes, “As is the the king, so are the subjects.”

By: Pankaj

Pankaj — Sun, 10 Mar 2019 05:38:10 +0000

There must be balance between both kind of banks.
We just can’t say that corruption prevails in PSBs only. If we do disinvestment in loss making PSBs and give incentives to private banks for social policies than both banks can do each other’s work.
We should analysis the location and it’s surrounding and come forward with the kind of bank suitable for that particular place