The Bank Unions have strongly protested against the posting of the CEOs of Public Sector Banks from the private sector. The government has now posted the MDs/CEOs of Canara Bank and Bank of Baroda by private sector persons.
The Bank Unions say that there are sufficient efficient, qualified and eligible persons in the PSBs and there is no need of entry from the public sector.
This is fully correct. The BJP government is making these appointments to torpedo the public sector banks.