private banks in the past have collapsed and people lost their savings.

"Privatisation of Banks is a negative step in a developing economy like India. 

Indian Public Sector Banks represent the hardearned savings of the people. 

Privatisation of banks would risk their savings as many 

private banks in the past have collapsed and 

people lost their savings. 

Private banks do 

not entertain loans to poor people and for the 

priority sectors. Their aim is only more and more prot. 

Service charges are more in 

private banks and common people will be affected. 

Rural branches may be closed in 

the name of non-viability."