Protests against privatization are just one piece of the puzzle. But it is necessary to see the importance of this step, to both the people who love India, and to those who love the idea of India.
The sort of one-sided AAI privatization drive benefiting few corporate friends might not have seen the light of the day if Arun Jaitley could have been alive as the Finance Minister beside PM Modi.
Broadly, the main concerns of allowing large corporate houses to own banks relate to conflicts of interest, governance issues and concentration of economic power.
It is amazing how we continue to demonise private industries and industrialists despite the fact that the Nehruvian socialism and nationalisation led us to the precarious economic situation in 1991.