Categories: Articles

Bankers’ protest on 21st March at Jantar Mantar

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.

 

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.

Jai

Recent Posts

Vacancies for CGM, GM, DGM and AGM increased in all Public sector banks.

Finance minister has approved revision in CGM level post in public sector banks. Earlier, the…

4 weeks ago

What is working Capital?

Working Capital is a financial indicator of operational liquidity of a business organization. Working Capital…

1 month ago

What is Pari Passu Charge | Simple Explanation

Meaning of pari passu charge - Pari-passu is a Latin phrase, which means "equal footing". …

1 month ago

Simplified Turnover Method for working capital assessment: FAQs

The Simplified Turnover Method is normally used by banks in order to assess the working…

1 month ago

Difference between LC and SBLC – Simplified

Letter of Credit (LC) and the ‘Standby Letter of Credit' (SBLC) are used by Importers…

1 month ago

Punjab National Bank Doubles Diwali Gift for Employees

Punjab National Bank (PNB) has announced a Diwali surprise event for its employees. To express…

1 month ago