Not that the govt wants to privatise and that is the reason the nationalized banks were going into loss, the reasons were something else. That the interest given on fixed deposits were drastically reduced and the retired employees are shifting their money from banks to the mutual funds of big companies which are assuring steady income even during the crisis. Moreover the online banking services offered by the bank and those who visit the bank are treated very badly and thus by losing honor the customers feel that they need not save with bank and go for other options to grow money. And banks are no more customer friendly as employees getting jittery on answering our questions and therefore I am also of the feeling that saving with bank is no more fetching and for secured long term investment plans of increased income.
'Idhuvum Kadandhu Pogum "
Even this challenging situation would ease