Bank staff to intensify agitation

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Follow us:WhatsappFacebookTwitterTelegram.cls-1{fill:#4d4d4d;}.cls-2{fill:#fff;}Google NewsThe general secretary of Tamil Nadu Bank Employees Federation (TNBEF) E Arunachalam announced here on Saturday that protests against banking reforms would be intensified, if the Central government continues to neglect the federation’s demands.Speaking to reporters here, he said, “The Centre is trying to pass the bill in Parliament to introduce several amendments to the Banking Regulation Act for paving the way for reforms. However the government’s plan will make a negative impact on the banking service.”He also said, “The Centre is trying to raise the share holders voting rights from 1 per cent to 10 per cent in public sector banks and also to raise it from 10 per cent to 26 per cent in private sector banks to aid foreign investors. The planned amendments includes to make the working capital of banks unlimited from the current Rs 3000 crore for helping to merge the nationalised banks as per government’s plan.”He alleged that though we were demanding the government to fill around 2 lakh vacancies in public sector banks, the government was keen on encouraging the outsourcing. “Though the bank staff abstained from work for two-days on August 22 and 23, the government is yet to respond. If the government continues to remain adamant, we will intensify our protests,’’ he added.first published:September 02, 2012, 10:34 ISTlast updated:September 02, 2012, 10:34 IST
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The general secretary of Tamil Nadu Bank Employees Federation (TNBEF) E Arunachalam announced here on Saturday that protests against banking reforms would be intensified, if the Central government continues to neglect the federation’s demands.

Speaking to reporters here, he said, “The Centre is trying to pass the bill in Parliament to introduce several amendments to the Banking Regulation Act for paving the way for reforms. However the government’s plan will make a negative impact on the banking service.”

He also said, “The Centre is trying to raise the share holders voting rights from 1 per cent to 10 per cent in public sector banks and also to raise it from 10 per cent to 26 per cent in private sector banks to aid foreign investors. The planned amendments includes to make the working capital of banks unlimited from the current Rs 3000 crore for helping to merge the nationalised banks as per government’s plan.”

He alleged that though we were demanding the government to fill around 2 lakh vacancies in public sector banks, the government was keen on encouraging the outsourcing. “Though the bank staff abstained from work for two-days on August 22 and 23, the government is yet to respond. If the government continues to remain adamant, we will intensify our protests,’’ he added.