Big ticket reforms through privatisation of banks and insurance companies were announced during the Budget, but Covid-19 has played spoilsport with profitability, productivity, asset quality and financial management at the public sector banks
Employees of various government banks hold a banner as they shout slogans during a protest against the Privatization of Public Sector Banks and retrograde banking reforms during a two-day Nationwide strike at Jantar Mantar road on March 16, 2021 in New Delhi, India. Photo by Mehta/Hindustan Times via Getty Images