AIBOC asks banks to recover NPAs from corporate houses

The All-India Bank Officers’ Confederation (AIBOC) has urged the banking industry to adopt stronger measures to recover NPAs (non-performing assets) from corporate houses.

Addressing the members of Corporation Bank Officers’ Organisation (CBOO) in Mangalore, Y Sudarshan, President of AIBOC, said some corporate houses were evading the recovery process through their influence in political circles.

The recent setback in the performance of some banks was due to the huge corporate loans that have become NPAs. He stressed the need for support from the government and the RBI in enforcing the security that are available for realisation of dues from corporate houses.

Wage revision

On the wage revision in banking industry, he said the rank and file in the banking sector have been waiting for the conclusion of 10th bipartite for last two years. The Indian Banks Association has not been able to come with a reasonable offer. The settlement would be elusive unless there is a reasonable, fair and equitable compensation revision for the officers’ fraternity, he said.

On the security of workforce, he said AIBOC has sought the intervention of the Centre for extending safety and security to those working in difficult centres. The recent incidents of kidnapping of some innocent people by militants in the North East have created a fear psychosis among the workforce, he said.

DN Prakash, President of CBOO, was present on the occasion.

Source : The Hindu