* Privatization of banks - Question and Answer *

* Privatization of banks - Question and Answer *

Question 1 Why are people protesting against privatization of banks in the whole country?

Answer: People have seen the scary but real face of privatization through private health care during the Covid pandemic. People now know to what level privatization is anti-people, anti-poor, anti-employee, and anti-national. So opposition is natural too

2. But the government says this will increase the GDP of the country and the country will develop.

Answer: I wish it was true

But this is not true. This will only develop a few Dhanna-Seths, capitalists of the country. This will only increase problems for common men, common customers, common bank workers.

3. How is this?

Answer: Where public banks work for the nation beyond profit and losses, private banks only work for fruits and profit. This is the reason that even after 73 years of independence, 80-85% of the country's citizens are afraid to enter these banks. The minimum balance condition for their account is also less than the monthly per capita income of 80% of the country's citizens i.e. monthly per person income. Till some time ago IDBI bank which was government and which was sold by the government and made private..... A simple and authentic example of understanding the side effects of privatization. The savings account for which 500 rupees were costed here earlier.. Today people have to spend 5000 rupees for the same.

Similarly, the services of almost all private banks are more expensive than public banks and the charges/ fees of all services from A to Z are beyond 80% of the country's economic capacity to be found by visiting the bank or visiting the bank website Might as well.

This privatisation will only give open exemption to loot the common poor

Plus their money will be insecure.

4. Question : how can it be said

Answer - The purpose of this privatisation is to be free from the responsibility of guaranteeing public money by the government.

Take a look into the rest of history

Why 736 private banks sink from 1948 to 1968

Why have 24 private banks sank since 1991 till now

Why have more than 527 private fail in a country like America since 2008

Why more than ten thousand private banks have failed in the whole world in a few decades.

Why Private Banks panic due to 2008-9 economic recession and kept their money in government banks (Viral Acharya Rbi interview in TV)

And no government or corporate money drowned in it

All the common people who cried blood tears in this were common people.

Question 5: Is it an allegation that private banks get good service while people complain about not getting in government banks?

Answer: You asked a very good question. This is the question whose answer should be sticked on every door of Parliament.

Psu banks serving 2000 customers per staff while same for private is 350

The rest of the 350 customers are read-write capable customers, they have smart phones and do most of their work using mobile.

The rest you can understand if so much more burden is put on your neck than your ability.... Working with a smile would be so challenging.

This is the pressure of work that has forced hundreds of thousands of bank workers to commit suicide and there is no discussion.

Question 6 banks not restoring enough staff and selling it is the main reason for banks running in deficit... What is the answer on this?

Answer: The real reason for the privatization of banks is that trillions of rupees which the government never wants to collect from the private ones, on the contrary, the entire bank wants to sell to these private ones.

To know the secret of banks privatization aka investment aka 132 crore countrymen should read a tweet of 27 April 2020 which RTI activist Saket Gokhale has given the Lok Sabha public representative of Wayanad on Rahul Gandhi's question regarding top 50 #willfuldefaulter From Finance Minister Nirmala Sitaraman Asked for details and it was avoided. Just like the Supreme Court was once prevented from knowing the names of these great bhutis. Later Shri Gokhale ji put himself at risk and with great hard work RTI got the details of these great celebrities.

The Indian government, the fifth largest military power in the world, has not yet been able to catch a single fugitive who fled abroad.

Rest you know that common bankers have neither cannon nor missile nor katta

Bank workers depend on Indian government for such recovery.

What's the problem for general employees on question 7?

Answer: The job security they left behind millions of people and abandoned other options to achieve

Today the government wants to snatch away this job security.... This will increase exploitation of employees-officers.

Today it is a government job that any poor class person who does not have money to do MBA or other courses can also get respectful salary and life here.

Tell me if someone gives a good salary without heavy-full degree in private. This privatization will stop all the way to uplift the poor man's class.

The poor man will be limited to the salary of five to ten thousand.

Another thing that privatization will forever block the path of reservation for the poor.

Question 8: Recently the Prime Minister gave a statement that the government's job is not to do business but to serve.

Answer: How do public banks look like businessmen?

Creating a world record of opening a zero balance account is business or service

Which business is it to give loans to farmers, poor and exploit sellers?

Business is done by private banks who did not sanction even a single loan to the sellers despite the Prime Minister of the country's saying lakhs.

While government banks provided large number of loans.

Government bank and bank workers are serving the nation since their beginning.

Does any private employee do election duty... Not while government bankers do

Thousands of bank workers martyred from demonetization till Corona period.... Is this a business or a service?

The people of the country should think about this

For the time being, international economic scholar and former RBI governor's statement that the privatization of banks will prove to be a nation-destructive and historical mistake.... For 132 crore people this is thoughtful and thoughtful.

One more thing, the media which licks the feet of power daily will never show this bitter truth.

As a vigilant citizen of the country, do share this and make this democratic fight of bank workers against blind privatisation successful by making it a mass movement.

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