public sector banks

Complaint Date:
Category: Business

Your channels’ comments on PSBs in general and IOB in particular is grossly inaccurate. I am a client of IOB and its service is of very good quality compared to some private sector banks. Private sector banks gradually start to overcharge their clients while psbs do not. All PSBs have strict Central Government Audit. Any generalisation on the profitability of PSU banks without considering the specific location where the bank has lost money is tantamount to deliberate misleading of the viewing public. The PSBs themselves are the best entities to identify where losses are made and what corrective actions are to be taken. NPAs should be classified as those due to priority sector lendings over which PSB s have no control

public sector banks
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