‘PSBs should monopolise banking sector’

Jawaharlal Nehru University (JNU) prof Surajit Majumdar on Saturday emphasised the importance of public sector banks, and advocated for a monopoly of public sector institutions at a seminar. 

Published: 23rd December 2018 07:28 AM  |   Last Updated: 23rd December 2018 07:28 AM   |  A+A-

State Bank of India

State Bank of India (File Photo)

By Express News Service

BENGALURU:  Jawaharlal Nehru University (JNU) prof Surajit Majumdar on Saturday emphasised the importance of public sector banks, and advocated for a monopoly of public sector institutions at a seminar.

Amanulla Khan, president, All India Insurance Employees Association (AIIEA), expressed concern over PM Modi’s recent comment, terming nationalisation of banks carried out in 1969 under the Indira Gandhi government a ‘fraud.’

Prof Majumdar said a thrust towards privatisation of financial institutions posed a challenge to the public sector. 

Stay up to date on all the latest Karnataka news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp