It is now very clear why there was continuous attack on the Public Sector Banks recently from the government and the ruling parties.. The PSU Banks were blamed for the increased NPA (Non-Performing Assets ie. Bad Loans), reduced capital etc. The attack was aggressive and to put the banks in a bad light.
The reason is now clear to all. The government want to privatise these PSU Banks, which was brought in to the Public Sector from the private sector due to bad performance. As the next stage, the Finance Minister Arun Jaitely has announced in the Budget that the government share in the PSU banks can be reduced less than 50%. That clearly means privatisation.
The Members of the Parliament in the Parliament and the politicians, workers and people outside should fight and defeat the sinister move.