Are there any real Costs and Benefits of Public Banks?
There have been ample discussions on the topic from decades and both the opposing and favouring sides have ample arguments to prove their point. Some might argue on the low quality of service provided by public banks with lengthy procedures and others might argue about higher interest rates charged by private banks. But need of the hour is to study what are the effects of privatization of banks at grassroots level. Talking about positives of privatization of banks, everyone knows of the focus on digitization and ease of operation they offer. The working of private banks is more professional than public banks and very competitive which brings to customer an array of new schemes every couple of years. With privatization of the sector the burden on government is reduced. Furthermost, the politicized launch and use of banking schemes such as loan waiver etc. could be avoided. This way the private banking sector proves to less risky and brings in foreign capital through Foreign Direct Inves...