It is strange that your editorial found fault with the unions that are opposing too much liberalisation in the financial sector, especially banking. Privatisation is not the mantra for success or efficiency. No one can understand the logic of allowing businessmen and industrialists to start banking services, when scams are rocking our nation with scary regularity. If financial inclusion is the reason for opening the doors of banking to industrialists and business houses, then privatisation would not serve the purpose. How many telecom giants have opted for serving the small towns and villages in our country?
S.A.S. Sarma (Business Line)
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