Indian corporates now demand the privatisation of Public Sector Banks.

The nation is still not able to understand how the Punjab National Bank is looted by the Indian corporates, to the tune of Rs.11,500 crores. The loot has been done in a very systematic manner. The looters have comfortably escaped out of India. More shockingly, Nirav Modi, the brain behind this great looting has even taken a group photo with Prime Minister Narendra Modi, at Davos. After having done all these, now the Indian corporates have demanded that the Public Sector banks should be privatised. Adi Godrej, of the Godrej group, has stated that private banks are better managed and big scams do not take place there. Hence, Public Sector banks should be privatised.  The tragedy is that, the government facilitates looting of Public Sector banks, by the corporates. After doing this, the same corporates demand that the Public Sector banks should be privatised, since they are inefficient. The claim of Adi Goderj is totally wrong. The world has not forgotten that the great world economic crisis that started in 2008, was created only by the bankruptcy of the great multinational banks of America, belonging to the private sector.