JAMMU, Nov 06: The United Forum of Bank Unions (UFBU), representing nine trade unions of officers and workmen across all our banks, registered deep concern and strong protest against the remarks made by the Hon’ble Union Finance Minister during the Diamond Jubilee Valedictory Lecture held on 04 November 2025 at the Delhi School of Economics, University of Delhi.
While responding to a student’s apprehension that privatization may restrict banking services to a privileged segment of customers, the Finance Minister appeared to dismiss this fear and instead projected privatization in a positive light. UFBU categorically rejects this narrative and reiterates that public sector banking has been the backbone of India’s financial inclusion, social justice lending, rural penetration, and national economic stability.
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