Hyderabad, Jan. 29 -- Presenting the suggestions for the consideration of the government during the ensuing Union Budget 2025-26, All India Bank Employees' Association (AIBEA) on Wednesday urged Finance Minister Nirmala Sitharaman to increase the rate of interest on Savings Bank Deposits to 6 percent per annum and additional 2 percent should be given to the Savings and Fixed Deposits of senior citizens.
In a letter to Sitharaman, a copy of which was e-mailed to UNI, AIBEA General Secretary Ch Venkatachalam said Public Sector Banks should not be privatised and the Government holding shall always be 51% and above.
He said the decision to sell the IDBI Bank should be shelved. As per the assurance given in the Parliament, a minimum of 51% of ...