00:00It is going to be 55 years since the nationalization of banks.
00:07And today, after 55 years, we are moving towards privatization.
00:14But even today, in this era of privatization,
00:19the role and importance of government banks is very high.
00:25And government banks are necessary in today's context.
00:33In 1969, when 14 government and national banks were started,
00:42the aim was that the banks were not able to reach the common people.
00:47They were engaged in the service of a special class.
00:52The government nationalized the banks.
00:56The banks have completed a 55-year long journey.
01:03Today, there are branches of government banks in villages.
01:08There are branches of rural banks.
01:11If we look at government and rural banks,
01:14there are more than one lakh branches all over the country
01:17which are serving the common people.
01:21If we look at the last 10 years,
01:28the government has carried out all the schemes
01:33through banks to reach the common people.
01:39Whether it is business, accounts, loans,
01:43the Prime Minister's wedding arrangements,
01:46or any other scheme,
01:51the role of government banks has been very important.
01:54Whereas, the role of private banks is very less.
