Thread by @alashshukla

What is #CorporatePuppetGOVT and why bankers are trending against it??

Lets try to understand..

PSBs are asked to do govnt schemes. As we all know govnt schemes are for society benifits. So profit making chances are very less..

1/n

These loans and schemes which are for public welfare arent sanctioned by private banks.

Those who have account in any private bank please inquire there.
Do they offer MUDRA loan and Swanidhi loan. Yes?? Then how many they did.

Adding very small comparison of an area.

2/n

Now when budget is going to announce there is news around privatisation of PSBs.
Reason.. they are loss making organisations.

Now my simple ques are..

👉Are PSBs meant to earn profit or public service.
👉If they are to be judged by profit why govnt schemes are forced to them.

👉Banks are asked to open 0 balance accounts, provide cheap loans to public, work on APY and insurance schemes of govnt and so many tasks. How are they supposed to make profit??

4/n

👉There are already private banks in market. How many poor can afford their services??

👉If some banks will get privatise what will happen to those customers who have account in that bank??

We all should get equal chance to fight.

5/n

PSBs are working from years for betterment of society and equally helpful in past for coming to places where we are today.

We performed every time when govnt needed us. But this is what we got in return.

6/6