Privatization of Public Sector Banks is Possible or Not?
Dear Followers, after finance minister announced the privatization of public sector. Many of the aspirants have the doubt whether public sector banks are privatized or not. For this question, candidates must have to know the difference between public sector enterprises and public sector banks. Public Sector enterprises means a particular organization or company or industry owned by the government like BHEL, BEL, NTPC and so on. In the union budget also give the details about privatization of public sector enterprises that is some of the public sector organization will be privatized and some will continue as its public sector industry. In this information, there is no mention about the privatization of public sector banks. So aspirants have to understand these basic details.
RBI Governor Speech Highlights – Important for Exams
As on date our nation is not having appreciated revenue production. So central and state government are under heavy strain to produce good income is concern. At that time, governments are distinctly dependent on borrowing. So in current situation state government are also allowed to borrow money from outside. Previously central government is announced to borrow 4.8 lakhs crores more than their projected borrowing this year. Now the total borrowing is about to 12 lakh crores. From where the government is borrowing money, the answer is obviously banks. Government will receive loan from banks those are dutiful banks which is known as public sector banks. Public sector banks are not investing heavily in government properties except their minimum requirement. But if there is any problem, public sector banks lead the most. Even MSME and agriculture cadre public sector bank will hold the leads to satisfy 20 lakhs crore successful. Not private sector banks. So there is no need to panic or worry about the privatization of public sector banks.
The second thing is that, there is no people are there to own the public sector banks. So aspirants don’t have the doubt about the privatization of public sector banks, stick your concentration towards your exam preparation. Public sector banks will continue as public sector banks in the future also. Candidates do their coherent preparation to crack respective exams to hold the banking job on their hand. For that we always extended our support to you to score high marks by providing high standard study materials for your worthwhile preparation.
