Bank unions oppose move to allow all private sector banks in govt biz

Bank unions under the umbrella body AIBEA on Wednesday opposed the government's decision to allow all private sector lenders in government-related business, saying it was "unfair" and "to the disadvantage" of public sector banks (PSBs). The finance ministr y, in a statement, said all private sector banks can now participate in government-related businesses like collection of taxes, pension payments and small savings schemes.