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All, including the Government of India, have agreed that in tiding over the financial crisis which started in 2007-08, the Public Sector Banks of India have contributed much. There are 20 PSU Banks, including the State Bank of India. There are around 7,60,000 employees including officers working in these banks.

The Bank Employees are united and have organised several united complete strikes which has completely paralyzed the banking services.

That is why the government is trying to weaken the PSU banks, just like other PSUs.