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Central policy of privatizing public sector banks is wrong: Minister V Sivankutty

Thiruvananthapuram: Minister V Sivankutty has mentioned that the central coverage of privatizing public sector banks is unsuitable. The Minister was inaugurating the Beffi Thiruvananthapuram District Convention. The Heart is privatizing 100 per cent state-owned banks. The central authorities is abandoning fashionable banking and implementing elite banking.

Banks’ income are declining as a part of the write-off of huge loans as a part of company appeasement. The Heart is taking the place of privatizing public sector banks on the grounds that income are declining. The Central Syrian Financial institution is an instance of this.

A nationwide strike led by the United Commerce Unions is scheduled for March 28-29 underneath the slogan “Protect the People, Save the Nation”. Among the many 12 slogans raised on the idea of the nationwide strike is the abandonment of the financial institution privatization transfer. Minister V Sivankutty known as on the folks to affix fingers in making the nationwide strike a historic victory.


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