Punjab Bank Employees Federation Ludhiana observe All India Day

Author(s): City Air NewsMembers of Punjab Bank Employees Federation Ludhiana on Monday observe All India Day. Ludhiana, September 15, 2014: As per the decision of All India Bank Employees Association, it has been decided to unleash campaign...

Punjab Bank Employees Federation Ludhiana observe All India Day
Author(s): 

Members of Punjab Bank Employees Federation Ludhiana on Monday observe All India Day.

Ludhiana, September 15, 2014: As per the decision of All India Bank Employees Association, it has been decided to unleash campaign and agitation programmes against the fast emerging attacks on the banking industry. Punjab Bank Employees Federation (Ludhiana) today observed All India Day and held a massive demonstration in front of State Bank of Patiala, Zonal Office, Ludhiana. Com. Naresh Gaur, Secretary and Com. Pawan Thakur, President, Punjab Bank Employees Federation (Ludhiana Unit) addressed the bank employees. 

While addressing the bank employees, leaders of the Federation said that various attempts of the Government and the RBI to push through banking reform measures in one way or the other are being made.  The basic idea is to dilute and dismantle public sector banking and boost up private sector banking.  These offensives are going on for the past two decades and from AIBEA and AIBOA we have been consistently fighting against such machinations.  “We have been able to build up intensive campaigns, agitations, struggles and strike actions against all these measures”, they said, adding, “We can also legitimately feel proud that due to all these persistent efforts, the speed with which these reform measures were proposed to be implemented, could not be of such dimension as planned. But we know that the Government is on their heels to somehow get their agenda implemented.”

They added as expected, the present BJP-led NDA Government at the centre is pursuing the same policy.  In their election manifesto also, they have said that they would pursue the banking reforms further.  “We have observed in their recent Budget that the Government wants to go ahead with further privatisation moves by allowing more private capital by not allocating any funds for capitalization”, they said, adding the Government has also announced their proposals for merger of PSBs.  Already RBI has announced its scheme for granting licenses to corporates and industrial houses. Further RBI has announced their Guidelines on setting up of Small Private Banks and Payment Banks.  Thus there is a concerted attempt to hand over our banking sector more and more to private hands. In this background, it was been decided by AIBEA and AIBOA, we should fight back these attacks and offensives.  Anti Merger Day was already observed on 26th August, 2014 through demonstrations, rallies etc.

DEMANDS

o             STOP LICENSE TO START LOCAL AREA SMALL PRIVATE BANKS

o             STOP LICENSE TO START PAYMENT BANKS

o             OPEN MORE BRANCHS OF PUBLIC SECTOR BANKS

o             EXPAND AND STRENGTHEN PUBLIC SECTOR BANKS

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Date: 
Monday, September 15, 2014