By India Tomorrow News,
New Delhi, 21 May 2014: Several bank employees’ unions have called for a nationwide protest on 23 May against a recommendation of the Reserve Bank of India appointed committee for the privatization of public sector banks.
These unions have alleged that the committee wants to remove government’s control over banks and hand over them into private hands.
The Committee to Review Governance of Boards of Banks in India, which was headed by P. J. Nayak, has given several recommendations including the privatization of public sector banks.
While opposing the recommendations, the All India Bank Employees’ Association (AIBEA), in a press statement termed the report as ‘preposterous’ and ‘retrograde’.
“It is very strange that in the last one decade, when world over many private banks have gone into crisis and have collapsed, in India, attempts are being made to hand over Government Banks to private hands,” the statement reads.
“When Banks are holding more than Rs. 78 lacs crores of public money and hard-earned savings of the people, attempts to hand over the banks to private hands will be preposterous and retrograde. Hence we totally oppose these recommendations in the interest of the country and our people,” it added.
The protest has been called by the AIBEA and supported by other bank employees unions across the country.
