18th Conference of Allahabad Bank Employees' Union (NZ) held at Ludhiana

Ludhiana, April 7, 2019: 18th Conference of Allahabad Bank Employees' Union (NZ) was held today at Rotary Club Ludhiana. More than 400 Delegates attended the Conference from all parts of the Punjab & Haryana. Conference was inaugurated by Com S K Gautam, Joint Secretary AIBEA. Com Kuldeep Bal, President chaired the Conference. Com Y P Singh, President AIABECC, and Com Deepak Sharma, General Secretary, AIABECC was the Chief Guests. Com Amrit Lal, Chairman PBEF along with Sh Rakesh Segal, Sh Rajesh Mundra and Sh Sanjay Mishra Deputy General Managers, Allahabad Bank along with the Office Bearers of Punjab Bank Employees’ Federation were also present. Com Naresh Gaur, Chairman Reception Committee while welcoming the Guests and delegates mentioned the serious developments in the country, as well as Banking Industry. He cautioned the members that Govt. Policies are aimed on mergers amalgamation and privatization of public sector banks. Com Gaur called up on the delegates to take significant decisions andprepare for bitter struggles. Com S K Gautam, Joint Secretary AIBEA and General Secretary PBEFWhile inaugurating the Conference told that,despite our all-out protests, Government merged Dena Bank and Vijaya Bank with Bank of Baroda. Banking sector is also in a crisis zone. Bad loans continue to pile up. Its burden is forced on the shoulders of the common banking public.Hence, we need to intensify our struggles against the retrograde banking reform measures.This year, on 19th July, Public Sector Banks will celebrate the Golden Jubilee and 50th Anniversary of Bank Nationalisation. At the same timebiggest attack of mergers and privatization is prevailing due to Govt. policies. Com Gautam further told that the legitimate demands of wage increase and pension improvements are being overlooked by the IBA and Govt. Operating profitearned in last 10 years was Rs10,75,855 Crores but due to provisions for bad loans of Rs 8,80,217 Crores banks are being put to net loss, for which members should remain prepared for struggle. Com Deepak Sharma, General Secretary, AIABECC said that Workers’ rights and trade unions’ rights are sought to be meddled with in the name of labour reforms. All the hard-won labour rights are sought to be weakened to suit the employers and managements. Workers’ demands are being ignored and labour laws are being dismantled in the name of codification. Government does not want to listen to the voice of workers. They will not do it because this Government is nakedly anti-worker and pro-corporate. Com Y P Singh, President AIABECC told that Govt. argument is that Banks would become globally competitive by mergers and creating big Banks. All global Banks operate with much higher capital levels like $ 60 B, $ 70 B, etc. Even if all Banks in India are merged into one Bank, even then we cannot match these global banks in terms of their capital strength. Hence mergers would not make our Banks equal to those global banks. India do not need big banks rather strong banks. Com Amrit Lal, General Secretary, All India Bank of Baroda Coordination Committee, while addressing stress the need for building up united and strong movement to fight out anti worker and anti-people policies of the Govt. Conference was concluded with the election of working committee for the next term unanimously. Com Yuvraj Murria was elected as President and Com Naresh Vaid was elected as General Secretary.