Union Finance Minister P Chidambaram has termed the proposed nationwide strike by bank employees on September 24 as "unnecessary" and said the government was ready to hold talks with the bank unions.
"The strike is not necessary. The government is ready to hold talks with bank unions," he said after inaugurating a Bank of India branch in Sivaganga.
Referring to the collapse of some financial institutions in the US, he said banks in India were insulated from the crisis and their financial position was quite strong.
On education loans, Chidambaram said a total of 12.51 lakh students had received Rs 20,000 crore loans as of March 31 this year.