Why are PSB staff wary?

Why are PSB staff wary?

From their perspective, once government-owned banks are privatised, there is nothing to stop the staff from being rationalised through VRS programmes, which, as seen in some of the leading private sector banks, has always been a compulsory separation. Even when RBI enables bank mergers, terms and pay are protected for only a fixed period of time, which can be no more than three years
Check the source here –Source, Financial Express.

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