Real Motive Behind Bank Nationalisation

Too little has changed in 50 years. A banking sector that should be stimulating growth and investment remains inefficient and wasteful, and the cause is the same: the political priorities of a populist prime minister.

Read following link to know the ground reality of public banks.

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It is bitter but undeniable truth that all types of discretional powers in PSBs or in government departments prove harmful in the long run because the powerful person more often than not misuse the powers vested in them.

Link to Bitter Truth Written By Danendra Jain in 2012

However I may add here that employees working in public banks have huge potential to perform provided they are properly handled and properly awarded .All private banks of 21st century which are performing well have been able to perform by employees picked up from public bans only. They too recruit staff from unemployed youth born and educated in India only . Staff working in private banks are not from Mars planet or loan takers in private banks are not from Moon.

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