BankerStark Profile picture
Banker at Iron Bank of Bravos๐Ÿ™„.
4 Jun 20
This thread is intended to explain the reasons why we need PSBs & why these banks were nationalised in the first place.

& We would like to know why the current government feels that privatization of PSBs will be beneficial and for whom!

#StopPrivatization #StopBechendraModi
There was an idea behind nationalisation:
๐Ÿ“Œ Social welfare
๐Ÿ“Œ Controlling Private Monopolies
๐Ÿ“Œ Expansion of Banking
๐Ÿ“Œ Reducing regional imbalance
๐Ÿ“ŒPriority Sector lending
Etc to name a few.
This is how the nationalization of banks was implemented!

#StopPrivatization
#StopBechendraModi
Read 6 tweets
17 May 20
Hello netizens, in case you are wondering why bankers are trending #BankNirbharBharat & #928Days .
Kindly go through the thread-
Since March 2020, 9.13 crore farmers have been paid Rs 18,253 crore under PM-KISAN during the #lockdown. About three crore farmers with agri loans totaling Rs 4,22,113 crore availed the benefit of the 3-month loan moratorium. @RBI @FinMinIndia @DFS_India @PIB_India (1/n)
A collateral-free automatic loan is being given to MSMEs, with a facility of โ‚น 3 lakh crores

This will enable 45 lakh MSME units to resume business activity and also safeguard jobs

- FM Nirmala Sitharaman
(2/n) Image
Read 13 tweets