PSBs crucial

Ref.: ‘For sale, your PSBs’ (February 25). One would have observed that PSBs have an important development role. The current management of most PSBs are as good as that of private banks. Privatisation of banks will worsen the banking scenario in the country. Their functioning is criticised by those who want complete privatisation of PSB. The need of the hour is strengthening existing banks and branches and making them a hub of all services. Will private banks be able to extend all types of services to customers across categories, which is today the root purpose of PSBs?