DISCUSSIONS ON THE CHALLENGES BEING FACED BY THE BANKING INDUSTRY, GOVT. MUST RELEASE WHITE PAPERS ON WEIGHING OFF NPA OF BIG HOUSES, MR ALOK KHARE, CHAIRMAN, AIBOA ALONG WITH OTHER FUNCTIONARIES INTERACT WITH MEDIA
(MOREPIC1)Face2News/Chandigarh
All India Bank Officers Association (AIBOA), which represents the officers working in public, private, regional rural and cooperative banks, is going to organize its eighth national conference from November 25 to 27 at the Law Auditorium, Punjab University. Around 800 bank officers across the country will participate to discuss the challenges facing the public sector undertakings.
Addressing the press conference held at the Press Club in Sector 27, Association’s Chairman Alok Khare, General Secretary S Nagarajan and Reception Committee Chairman SK Gautam said that when banking personnel are committed to serving customers with utmost courtesy and honesty, whey they are betrayed with Privatization of their workplaces. (SUBHEAD)
They said that privatization of the banking system, contractualism, outsourcing and digitization are the steps being taken towards the elimination of public sector banks in a phased manner. The current approach of various banks is increasing in taking the country towards pre-independent India. He said that disrespect of IR practices, evacuation of union premises, non-acceptance of elected representatives to represent unions in discussions etc. motivates employees to protest.
They said that the eighth conference of the association will decide the strategy of action against the government's steps to privatize banks and fight any attempt to deny job security with concrete action. They said that along with five-day banking on the lines of RBI, the issue of updation of pension will also be taken seriously.
Expressing concern over the continuous increase in loan defaults in the bank, they said that strict laws should be made in this direction. They also expressed their concern that the amount of bad loans in the banking sector is increasing.