new delhi amidst huge uproar from opposition and bank unions over privatisation of public sector banks union finance minister nirmala sitharaman on tuesday assured that the interests of workers of such banks will be completely protectedwhile addressing the media after announcing cabinet decisions the union minister said i want to assure it is not that the institutions are going to be closed or workers are going to be removedread alsocabinet clears proposal to set up development finance institution nirmala sitharamanthe union cabinet on tuesday approved the creation of a development financial institution dfi for financing infrastructure and development activities in the economy the dfi will help raise longterm funds the institution will be set up on a capital base of rs 20000 crore and will have lendingbank strike enters day 2 as employees protest against privatisationbank services like cash withdrawals deposits cheque clearances and remittances may be impacted across public sector banks psbs on tuesday as strike enters day 2 nine bank unions have called for a twoday nationwide strike to protest against the governments policy to privatise more publicgovernment privatising profit nationalising loss says rahul gandhi supports bank striketaking a dig at the government congress leader rahul gandhi on tuesday alleged that selling public sector banks to cronies will compromise the countrys financial securitywhether it is the salaries or scale or pension of employees all will be taken care ofstressing that not all banks will be privatised the finance minister said we have announced a public enterprise policy and identified 4 areas where public sector presence will be there financial sector too is included in this but not all banks are going to be privatisedsitharamans statement comes at a time when bank unions have called for a twoday nationwide strike to protest against the privatisation of two public sector banksstaterun banks across states have been on strike since monday leading to disruption in services as over 10 lakh employees have joined the protestsfurther stressing on the operations of banks sitharaman said that there are quite a few banks in the economy but we need banks which will be able to scale uprecollecting the move where the government had merged 10 psu banks into 4 major entities last year she said we need more banks of the size of the state bank of india sbi to meet the aspirational needs of the countryshe emphasised that even those banks which are likely to be privatised the institutions too will continue to function after privatisationthe minister also took a jibe at senior congress leader rahul gandhis tweet earlier in the day where he had accused the government of privatising profit and nationalising lossshe said i would want him to engage in serious discussions rather than throw these kinds of two liners every now and thenthe minister further took on the former congress president saying the upa government also nationalised corruptionhis daadi indira gandhi would have probably nationalised the banks but nationalising of loss in the banks was during upa time and