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Imperative that bank becomes state-owned enterprise, insists this politician

International   |   Glibs Quick   |   Mar 07, 2020, 14:40 PM

CPIM leader Sitaram Yechury insisted that now that the State Bank of India is being asked to buy a stake of 49 per cent in Yes Bank, it is imperative that the bank become a State-owned enterprise. It cannot become a case of privatization of profits and nationalization of losses, he said. 

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