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Saturday, June 12, 2021

Will private banks give as much security to your hard earned money as government banks?

The one who is playing the bullet of privatization proves that his intention was never to provide facilities to the poor deprived society of the country. Will customers get the following facilities after privatization :-

1) Will the accounts of zero minimum balance be facilitated?

2) Will private banks spend their human resources on small loans like PM Swanidhi? Mudra Loan,

3) Do you think private banks will accept customers who are just living on old age pension, widow pension etc?

4) Will private banks give as much security to your hard earned money as government banks?

**** Privatisation is Govt failure ****
When Govt can't run Banks successfully, then decide to sold it. It is clear indication of its failure. Like Demonetisation, Privatization is not a good Economic decision, It will also be decided as a big failure.
Like started Rs. 2000/- note instead of Rs.1000/- can never stop Black money. Similar Privatisation of Public Sector Banks will never improve Indian economy & Banking services to the poor people.
It is just to earn money for next elections, like written off Corporate NPAs by establishment of NCLT. Which is basically a team who raised his Party fund by giving heavy haircut to big defaulters, and received contribution to the Party fund.

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