“FDI in Banking: AIBEA’s Lalita Joshi Flags Sovereignty Risks & PSB Vulnerabilities”

In this episode, Lalita Joshi, Joint Secretary, All India Bank Employees’ Association (AIBEA) and Chairperson, National Women’s Council, explains AIBEA’s concerns over the government’s liberalised FDI policies in the banking sector. As foreign ownership rises and norms are relaxed, AIBEA warns that India may be risking more than it realises: dilution of financial sovereignty, potential foreign influence over public lending priorities, and long-term vulnerabilities for public sector banks (PSBs). This conversation outlines the impact of foreign investment on national economic objectives, regulatory oversight, and the public character of India’s banking network.