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The All India Bank Employees Association (AIBEA) and the Bank Employees Federation of India have called for an all-India bank strike on September 25 to protest against the Government’s proposal to effect mergers among public sector banks. They are also against the merger of Associate Banks with State Bank of India (SBI).
“It is naked double standard and dichotomy that while private sector banks are being encouraged and allowed to be expanded, public sector banks are sought to be consolidated and merged. “This is totally against the objectives of public policy under the nationalisation of banks envisaged and committed by the Government,” said the two trade unions in a joint statement. There is a need to increase the reach of banking services as nearly 60 crore people in the country still don’t have bank accounts and more than 5 lakh villages in the country do not have a bank branch, the statement said. “More and more branches have to be opened by all the banks to reach the people. But the Government’s policy is misdirected. It wants to consolidate the public sector banks while the need is to expand them,” opined the unions.
“It is naked double standard and dichotomy that while private sector banks are being encouraged and allowed to be expanded, public sector banks are sought to be consolidated and merged. “This is totally against the objectives of public policy under the nationalisation of banks envisaged and committed by the Government,” said the two trade unions in a joint statement. There is a need to increase the reach of banking services as nearly 60 crore people in the country still don’t have bank accounts and more than 5 lakh villages in the country do not have a bank branch, the statement said. “More and more branches have to be opened by all the banks to reach the people. But the Government’s policy is misdirected. It wants to consolidate the public sector banks while the need is to expand them,” opined the unions.
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