Tuesday, August 02, 2011: United Forum of Bank Unions, an umbrella of bank employees’ unions including All India Bank Employees Association (AIBEA), All India Bank Officers Confederation (AIBOC), National Confederation of Bank Employees (NCBE), All India Bank Officers Association (AIBOA) and Bank Employees Federation of India (BEFI), have decided to organize an all-India bank strike on August 5.The UFBU, in a statement, expressed serious concern over various financial policies of the government. In the name of reforms, the government was attempting to reduce its share of equity capital in public sector banks, thereby increasing the hold of private capital in these banks, the statement said.
The government was pursuing a policy of consolidation and merger of public sector banks which were totally unwarranted. The statement said the government had decided to formulate new banking licensing policy to enable industrial houses to start banks.
No comments:
Post a Comment