Shillong, Nov 6: The United Forum of Bank Unions (UFBU) has taken strong exception to the remarks of Union Finance Minister Nirmala Sitharaman on bank privatisation during a lecture held at the Delhi School of Economics, University of Delhi.

According to the union, the Finance Minister tried to project privatisation in a positive light while responding to a student’s apprehension that privatisation may restrict banking services to a privileged segment of customers.

The forum, representing nine trade unions of officers and workmen across all our banks, in a statement today said it rejects the narrative and added, “public sector banking has been the backbone of India’s financial inclusion, social justice lending, rural penetration, and national economic stability.”

The forum said the nat

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