New Delhi: The Congress on Tuesday accused the Narendra Modi government of being on a "privatisation spree" and said it will oppose the "bank sale bill".

Party leader Jairam Ramesh said public sector banks must be equipped to face competition and selling them to a chosen few will prove disastrous.

"Today, 53 years ago, banks were nationalised. It was a transformational change. Now, Modi Sarkar is on a privatisation spree. Public sector banks must be equipped to face competition, but selling them off to a chosen few will be disastrous! Congress will oppose the Bank Sale Bill," Ramesh said on Twitter.