the push for bank privatization which has gathered
momentum with a rising tendencies to take to neo-liberal
policies. The arguments for privatization have been
put forward time and time again, depending on economic
circumstances. As international finance capital demands
outright privatization to control financial resources
and popularizes the conception of social interest
best served through free finance, the NPA crisis in
India has become the justification today.
article was originally published in The People's Democracy
on June 10, 2018.