.......Recently, PSBs were stuck in infrastructure finances, whereas private banks exited such projects well in time. In the current situation, where most of the old employees carrying the legacies of the pre-1991 era are retiring and being replaced by young tech-savvy executives, it is the right time for the government to take a call on reducing its stake in PSBs below 51 per cent since resistance from employee unions is bound to be lower. These newly-recruited PSB employees, who are all under the new pension scheme, are more interested in higher salaries and perks rather than secure jobs. ..........
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