Should we reverse nationalisation of banks? 50 yrs later, the debate is on

Despite the exponential growth in the network of state-run banks, and the advent of private banks in the post-reform period, we continue to struggle

What is the point of a circle? Well, it is pointless. On the midnight of July 19, 1969, 14 banks were nationalised; and 50 years to the day, the debate is on if we are to retrace the path and privatise our state-run banks — the wheel has indeed turned a full circle.
 
As an idea, bank nationalistion ticked all the right boxes. It was to shift the concentration of credit from the bigger borrowers to the less privileged, widen the branch network to the hinterland and bring the unbanked under formal channels of banking. Half a century later,