Civil society group criticizes finance minister's remarks on bank nationalization

A civil society group has criticized Finance Minister Nirmala Sitharaman's remarks on bank nationalization, warning against privatizing public sector banks. The Bank Bachao Desh Bachao Manch stated nationalization expanded credit access to rural areas, making public sector banks crucial for India's financial system and economic progress. The group highlighted public sector banks' significant role in financial inclusion and government schemes, expressing concern that privatization could harm the poor and rural citizens.