While PSB unions strike against privatization, banking sector is getting privatized3 min read . Updated: 16 Mar 2021, 09:42 AM IST
- Irrespective of whatever PSB unions might think, the banking sector is getting increasingly privatized, and a bulk of this privatization has happened in the past five years, as PSBs have struggled with a huge amount of bad loans or loans
The employees belonging to nine public sector banking unions have gone on a two-day strike against privatization. Given that the banks were already closed for the weekend, this means many people wouldn’t have had access to branch banking services for four days at a stretch.
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