United Forum of Bank Employees Unions (UFBU) has planned a massive Dharna at Jantar Mantar in Delhi on 21st March 2018.

The protest is in demand for action against those involved and responsible for the Punjab National Bank (PNB) Scam of 12000+ crore rupees and against harassment of the bankers.

UFBU demanded action against loan defaulters,  and also stopping harassment of bank staff after the recent PNB scam.

“Following the recent fraud in Punjab National Bank (PNB), an orchestrated propaganda is being unleashed against all the bank employees, and the functioning of Public Sector Banks (PSBs) is being projected in poor light,” VVSR Sarma, convener of the UFBU AP and Telangana State Units, said in Hyderabad.

He also alleged that suggestions towards privatisation of Public Sector Banks (PSBs) are being made in some quarters without acknowledging the pivotal role played by the PSU banks in the country’s growth since banks’ nationalisation in 1969, according to PTI.

“It is also a known fact that those corporate and industrial houses which are responsible for the huge bad debts in PSBs are freely suggesting privatisation of PSBs,” he said.

The bank unions had two days ago sent a notice to the employees which said, “People’s money for people’s welfare, not for private corporate loot”, and demanded that low-level staff should not be made scapegoats and sought a joint parliamentary committee probe into the PNB scam amounting 12,600 crore rupees.

READ  Why Merger of Public Sector Banks is not Easy


Besides the protest at Jantar Mantar, UFBU would also conduct a mass signature campaign and the signatures would be sent to the Lok Sabha Speaker in April.