New Delhi, July 19: (UNI) Congress MP Jairam Ramesh slammed the Modi government for a “privatsation spree” of public sector banks and said selling them off to a chosen few will prove to be disastrous.
Ramesh tweeted that the Congress will oppose the Bank Sale Bill.
“Today, 53 years ago, banks were nationalised. It was a transformational change. Now, Modi Sarkar is on a privatisation spree. Public sector banks must be equipped to face competition, but selling them off to a chosen few will be disastrous! Congress will oppose the Bank Sale Bill,” he tweeted.
His reaction came after the government intended to go ahead with the privatisation of two public sector banks.
While Union Finance Minister Nirmala Sitharaman had talked about this proposal in her 2021 Budget speech, the Centre is yet to formally table a bill in this regard.
Govt on ‘privatsation spree’ of state-run banks: Jairam
