AIBEA to observe ALL INDIA
DAY on 19th July, 2014
– 45th Anniversary of Bank Nationalisation
DEMANDS
Do not give
banking license to Corporates
Bring all private Banks under public sector
Take effective measures to recover bad loans
Make willful default as criminal offence
Increase loans to agriculture and other priority
sectors
Reject recommendations of P.J. Nayak Committee
DECLARE RIGHT TO BANKING AS A FUNDAMENTAL RIGHT
Bank staff plan anti
-privatisation stir
SPECIAL CORRESPONDENT,
THE HINDU 17 7 2014
July 19 is 45th
anniversary of bank nationalization.
The All India Bank Employees Association
(AIBEA) will observe the 45th anniversary of bank nationalisation as All India
Day on July 19.
The organisation will
arrange programmes to highlight the importance of public sector banking on the
occasion.
One of the foremost
demands of the organisation is that Associate banks be freed from State Bank of
India (SBI).
State Bank of
Travancore is among the associate banks proposed to be merged with SBI.
Though some steps were
taken to achieve the goal, these have not been processed to reach a decisive
stage.
The bank employees‟ unions believe their
opposition to the proposal has made an impact on the decision-makers, though
final word on the merger is yet to emerge.
The operating systems at various levels of both the banks are
identical, which could facilitate a merger without much
delay once a decision is taken, banking sources said.
AIBEA has launched a
campaign against high-end lending to corporates and the subsequent loss to
public sector banks owing to non-repayment.
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