Congress supports competitive banking sector: Rahul


New Delhi, Apr 19 (IANS): Congress President Rahul Gandhi on Thursday said his party affirms its belief in the competitive banking sector and promised that it will merge all the public sector banks and create six-eight big banks, if his party is voted to power.

"Congress affirms its belief in the competitive banking sector. Congress will merge all the public sector banks and create six-eight big banks," Gandhi said in his Facebook post.

He further added that "Congress will review the system of running government banks, and to make it competitive, healthy, efficient and profitable, an 'independent commercial banking organisation' will be created".

He also promised to encourage new banks to provide long-term credit facilities to development and infrastructure projects.

In his other post, he promised to improve education, health and housing facilities to the Central Armed Police Forces (CAPF) personnel and their families.

As CAPF is the first line to protect our borders, Gandhi assured that his party will make them equal to the rank of armed forces.

He also promised to open schools for children of CAPF personnel.

  

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Comment on this article

  • Joe, Mangalore

    Fri, Apr 19 2019

    All the Congress leaders who were protesting the merger of Vijay bank with BOB please convince rahul now itself not to merge the mangaloren banks with other banks.

    DisAgree Agree [1] Reply Report Abuse

  • Uttam, Bangalore

    Fri, Apr 19 2019

    So we will be left with only 1 bank from South canara. Syndicate & Corporation too on their way to merge.

    DisAgree Agree [1] Reply Report Abuse

  • anthony, Mangalore

    Fri, Apr 19 2019

    Atleast Rahul is talking on issues unlike Modi who keeps indulging in using religon to divide and polarise people. Modi along with all the Gujju Businessmen have caused a total collapse of the banking sector. I am sure Congress under Rahul will help restore confidence in the Banks and stop this downward slide into chaos of the Banking institutions.

    Modi Sarkar has been a total failure on all fronts. High time we change this Govt that has caused so much misery to the common man and across all sectors.

    DisAgree [1] Agree [5] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Fri, Apr 19 2019

    7 - 8 banks are now on the verge of Closure because of Rs 3.5 Lack Crore NPA's ...

    DisAgree [1] Agree [7] Reply Report Abuse


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