The Bank workers organisations have threatened to go on strike if the Banks proceed with their proposal to bail out the cash crunched Kingfisher air lines. The Banks are reported to have purchased the KF shares for 260% of its market price to help the private airline.
When there is some difficulty for the PSUs everybody from government onwards accuse and are not prepared to help. But when it is a private company, from the Prime Minister onwards, all the powers that be are in a haste to help and bail-out. This hypocrisy has got to be exposed and defeated.