Golden Jubilee of Bank Nationalisation: Taking Stock

Survey observes 2019 as the golden jubilee year of bank nationalization.

• Accomplishments of lakhs of Public Sector Banks (PSBs) employees cherished and an objective assessment of PSBs suggested by the Survey.
• Since 1969, India’s Banking sector has not developed proportionately to the growth in the size of the economy.
• India has only one bank in the global top 100 – same as countries that are a fraction of its size: Finland (about 1/11^th), Denmark (1/8^th), etc.
• A large economy needs an efficient banking sector to support its growth.
• The onus of supporting the economy falls on the PSBs accounting for 70 % of ....