For once PSU banks demand parity with co-op Bank. The demand has been not made by them but by the farmers of Tamil Nadu who have called upon the state government write off their loans pending in various public sector banks as the govt. decision to waive only the loans taken from cooperative banks is not fair.
Farmers federation says out of the 1.2 crore farmer families cooperative have given loans to only 11.5 lakh families. But what the farmers fail to comprehend is that while Chief Minister Jayalalitha could arm-twist cooperative banks her writ does not run in public sector banks.
Sources say if the govt. does not waive off the loans taken from the non-cooperative banks, farmers are likely to resolve to oppose the ruling party in the next assembly election.