Banking sector is facing one of the worst time in India. Banks NPA has crossed every limit. Bankers are being forced to sell insurance policies and other items, apart from making Aadhar card etc. It is being said that public sector banks are not being able to cope with scams, they should be privatized. But private banks are equally in bad condition. There are similar stories. They are also hit by problem of NPA and bad loans. Scams are not less there in comparison to public sector banks. Also, an employee of a public sector banks takes responsibility of performing fairly as he fears of losing his job but for private sector it is not a big matter.
So the ownership is not a big issue. The problem is somewhere else. Banking sector all over the world is worst hit by big corporate and their owners i n collusion with governments.