“Modi government has granted licenses to 20 small finance banks. The successive central governments have undermined the significance of the public sector banks. Granting license to small finance banks is [done in order] to loot the customers. These banks are not serving the poor. Rather, they are sucking the blood of the common man,” says CP Krishnan, general secretary, Bank Employees Federation of India, (Tamil Nadu unit) during a conversation with NewsClick.
If BJP come again to power the public sector banks will be sold out to corporates.Let us hope the people of India might have taken right decision to protect public banks during this election.