"Mr.X:'Emergence of new Private
Banks and Foreign Banks in India may ruin the businesses of Public
Sector Banks. Banking Bill should be amended as early as possible.'
Mr.Y:'This Banking Bill is a Blessing in Disguise. Poor villagers of
rural areas of India will never open their savings accounts in any
Private or Foreign Bank. So, in Rural Sector of India, PSU Banks have
no such threats. But, to tap the customers of Metro and Urban areas,
PSU Banks will automatically modernize their technologies, products,
customer services and employees to stay at par with Private and
Foreign Banks. That will be beneficial for Indian Economy only in the
long run.'"-Arindam Sain
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