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| AIBEA to observe Dec 5 as All India demands day | | | Early Times Report
Jammu, Dec 4: All India Bank Employees Association, the oldest and the largest trade union of bank employees in India representing more than 5 lacs bank employees working in public sector banks, private banks, foreign banks, co-operative Banks and Regional Rural Banks is observing 5th December, 2013 as All India Demands Day to highlight the issue of huge increase in the bad loans in the Banks.
Increasing bad loans - effect of banking reforms: Banks are dealing with the hard-earned savings of the people and today, the total Deposits in the Banks in India have crossed Rs. 75 lacs crores. This precious money of the people needs to be safeguarded and guaranteed by proper regulations in the Banks. But the in the name of reforms and liberalisation, banking regulations are being de-regulated. One of the main adverse effect of this de-regulation is the increase in bad loans in the Banks where the big borrowers take loans from the Banks and do not repay. |
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