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J&K Bank's conversion into PSU opposed

IANS  |  Srinagar 

Employees of the on Thursday staged a protest here seeking rollback of the government's decision to treat the as a public sector undertaking (PSU).

They protested at the corporate headquarters of the

The had decided to bring the bank under the purview of the RTI Act and treat it as a PSU.

There were widespread opposition to the decision with political parties, including the and the National Conference (NC), terming it a move to curb J&K's financial autonomy.

Established in 1938, the majority shares of the largest bank in J&K are owned by the government.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 29 2018. 12:06 IST
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