Custom Search

Thursday, January 24, 2013

Bank officers union opposes move to merge nationalised banks

The All-India Bank Officers Association (AIBOA) has opposed the move to merge the nationalised banks.

S. Nagarajan, General Secretary of the association, addressing a press meet at Tiruchi recently, said the move would widen the gap between the banking industry and the customers, and it would pave the way for privatisation of banks.

He said the future course of action against the move would be taken at the end of the national conference of the All-India Bank Employees Association (AIBEA) to be held in Kochi next month. Further, the AIBOA would await the budget proposals for the next financial year.

The financial inclusion programme would be defeated if the banks were merged and. the number of branches would be reduced and the customers would be deprived of their right to select a bank of their choice.

He announced that the AIBOA has been preparing a list of non-performing assets and would make it public in course of time.

M.A. Srinivasan, General Secretary of Canara Bank Officers’ Union, underlined the need for filling up the vacant posts in public sector banks. About two lakh posts were lying vacant in various cadres.


Post a Comment

Popular Posts

Desi Google | A2Z Famous Quotes | What's Cooking America | Joke Site