(Regd No.3415 / CNI dated 29-07-2011)
Administrative Office: 763, Anna Salai, Chennai – 600 002.
SPECIAL CIRCULAR TO ALL AFFILIATED UNITS DATE : 13-12-2012
Dear Comrades,
GET READY FOR INSTANT STRIKE
The dangerous imminent. Government is all set to amend the Banking Regulation Act any time. Be prepared to fight. Be prepared to observe instant strike anytime at the call of NUBU.
We have already conveyed to you though our SMS the need for getting ready for an INSTANT STRIKE at short notice since the Government appears to be taking steps to get the Banking Laws (Amendment) Bill, 2011 passed in the current winter session of the Parliament which is ending on 20th December, 2012.
The Financial Express of today Thursday, 13th Dec 2012, carries a news item stating that “Hon’ble Finance minister Sri.P.Chidambaram on Wednesday held out an olive branch to the Opposition on key reform Bills listed for passage in the current session of Parliament, discussing the issue with two senior BJP leaders. Sri.P.Chidambaram later claimed to have reached an understanding with the two leaders on the “urgent need” to get these Bills approved by the House and indicated a consensus was in sight on the banking regulation Bill. With only six days left to go in the winter session, Sri.P.Chidambaram's initiative is seen as a last-ditch effort to push through financial sector Bills, particularly those relating to the banking, insurance and pension sectors”.
The gravity of the situation need not be inflated, exaggerated or overstated because the attempts are visible. On the one hand, the Government is moving to get the Bill passed. On the other hand RBI has announced its Draft Policy on giving licence to Corporates to start more Private Banks. Further, the Planning Commission is suggesting reduction of Government Capital in PSBs to less than 51%. There are multiple attacks to liberalise our Banks and push their reforms agenda. There are visible plans of consolidation of public sector banks in the anvil once the draconian bill amended.
Timing with last General Election to Loksabha, the FM instructed the Chief of Public Sector Banks during January 2005 to create a favorable atmosphere through a dictated national debate in the media on the subject. Being inspired or to please or appease the FM, recently 3 banks i.e. Oriental Bank of Commerce, Indian Bank and Corporation Bank, have formed an OIC Association in the name of strategic alliance to share each others market, assets, business, branches, technology etc.
MOI has been signed with detailed guidelines for functioning and operating as one entity. Now Finance Ministry preparing the ground for consolidation among public sector banks (PSBs)? Its recent missive to the 26 PSBs seems to suggest so. The 26 banks have been divided into seven groups. SBI has been given the responsibility of co-ordinating the functioning of its five associate banks. PNB is the co-ordinator for Dena Bank and Vijaya Bank, BOB for IDBI Bank and UCO Bank, BOI for Oriental Bank of Commerce and Andhra Bank, Union Bank of India for United Bank of India and Punjab & Sind Bank, Central Bank of India for Indian Bank, Allahabad Bank and Bank of Maharashtra, and Canara Bank for Indian Overseas Bank, Syndicate Bank and Corporation Bank. The group coordinators of the banks would interact with the Ministry on a quarterly basis.
This is cartelization in Banking Industry and to develop synergies in functioning and ultimately to take step for merger. It is a prelude to merger. Now banks have also started to explore possibility of forming such alliance. NUBE is opposed these moves as this is also one form of cartelization precursor for consolidation i.e., forming an alliance to deal with a business.
That is why the situation is serious. The above amendments should be opposed tooth and nail, otherwise the Public Sector Banks which have played a very important role in the economic development of the country, will be poached by the Corporate capital and Foreign Investors.
The fallout of these amendments will be on the common people, who solely depend on the Public Sector Banks for their financial needs
That is why NUBE has given the call for INSTANT STRIKE if Government will take up the Bill in the Parliament for approval.
INSTRUCTIONS :
1. Each and every Branch unit should be immediately kept informed to be ready to observe the instant strike.
2. Facilities like mobile phone / SMS / E-Mail, etc. should be pressed into action to reach our units / members immediately on receipt of the call from UFBU.
3. Mobile phone numbers / Residential phone numbers, etc. should be kept ready by our units to contact our Branch units if the call is given after Branches are closed for the day.
4. Co-operatives / RRBs are exempted in this strike action.
5. For Watch & Ward Staff, only in those Offices / Branches / Currency chest, etc. which will remain open on the Strike day, are to be exempted. If entire employees / Officers / Branch Manager will be on strike and the premises are not to be opened, then watch & ward of such Branches are not to be exempted from strike.
Get ready for Instant Strike
Decision will conveyed through SMS /phone
With greetings,
Yours Comradely,
(L.BALSUBRAMANIAN)
GENERAL SECRETARY
P.S. : We are herewith enclosing the paper publication in Financial Express dated 13-12-2012 regarding our demand for 5 days week which is self-explanatory. Kindly take copies and circulate among the members of your Union. Detailed circular and booklet will be sent to you shortly.
NUBE – ZINDABAD WORKING CLASS UNITY – ZINDABAD
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