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Bank Privatisation 2023: Big news has come, these government banks may be private, know latest information

Bank Privatisation 2023: Important news for those having account in government banks. Actually, according to an update, it is being said that these government will soon be private.

Bank Privatisation: There is big news for those who have accounts in government banks. If your account is also in any government bank of the country, then now all the banks including SBI-PNB are under threat of privatization (bank privatization news).

AIBOC has given information about this. The All India Bank Officers’ Confederation (AIBOC), the apex body of bank officers in the country, on Tuesday said that despite playing an important role in bridging the economic divide in the society, public sector banks are “virtually under threat of privatisation”.

Nationalization took place in 1969.

A statement issued by the body on the eve of the 55th Bank Nationalization Day in India said that public sector banks (PSBs) have played an important role in promoting financial inclusion and increasing savings since the nationalization of private banks in 1969.

AIBOC gave information-

AIBOC General Secretary Rupam Roy has said that public sector banks are in fact facing the threat of privatization. It is an ideological conflict that can be resolved through an alternative ideology that gives priority to the welfare of the larger population.

Many changes in the banking system-

He said that since nationalisation, these PSBs are providing funds to important sectors like agriculture, small and medium enterprises (SMI), education and infrastructure. Roy has said that they have been an important pillar in promoting economic development, growth and providing access to banking services to millions of Indians.

Merger happened in 2019-

Let us tell you that in August 2019, 4 out of 10 banks were merged by the government, after which the number of public sector banks in the country has come down from 27 to 12. At present, there is no planning regarding the privatization of these banks. Giving opinion, the Finance Ministry has said that all these banks should be kept out of privatization. According to the information received from the consolidation plan made in the year 2019, the merger of many banks has been done by the government, but the process of their integration is still pending, which can be completed soon.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @
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