Hundreds of bankers, who have gathered in Patiala for a conference, on Sunday criticized the Banking Laws (amendment) Bill, 2011, which seeks to strengthen the regulatory powers of the RBI. General sectary of All India Bank Employee Association (AIBEA) C H Venkatachalam said, "The new bill aims at privatization of banks. Recently even the Planning Commission had suggested that government's capital in nationalized banks can be reduced to less than 51% which means privatization of the banks."
TOI
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