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| UFBU demands stopping of outsourcing, regularizing of banking sector | | | EARLY TIMES REPORT
Jammu, July 27: In continuation of agitational programme given by UFBU, comrades of Jammu Province Bank Employees Federation participated in dharna organized at Press Club Jammu.
At the call of United Forum of Bank Union representing nearly 10 lacs of bank employees and officers working in the Public Sector Banks, Private Banks, Foreign Banks, Regional, Rural Banks and Co-operative Banks, there will be also a protest strike on 5th August, on the issues and demands against the privatization of Public Sector Banks, reduction of Government's equity in Public Sector Banks, World Bank loan to capitalise Public Sector Banks, merger of Banks, unrestricted entry of foreign capital in banking sector, deletion of section 12(2) of Banking Regulations Act, removal of ceiling on voting rights of foreign investors, issuance of licence to industrial houses to start their own Banks, outsourcing permanent banking jobs and normal banking services, violating provisions of Bipartite Settlement on outsourcing, non provision of adequate staff in Banks through recruitments to maintain and improve customer services among the others.
Informing on the Banking Law (Amendments) Bill, 2011, the UFBU said that the Government is trying to speed up the banking sector reforms Banking Law (Amendments) Bill, 2011 has been introduced in the Parliament to bring Banking Regulations Act at par with Companies Act, to exempt merger of banks outside the ambit of Competition Act, to make Banks more capital intensive, to liberalize investment policy of banks, to allow unrestricted voting rights to foreign capital in private Banks by deleting Section 12(2) of B R Act, to increase voting rights from 1 % to 10% in public sector Banks, to provide for suppression of the Boards of public sector Banks, etc. Government also wants to announce their new bank licensing policy to allow industrial houses to float their own Banks.
UFBU demanded that the priority need is to strengthen the Public Sector Banks to serve the common masses more effectively.
More and more branches should be opened in rural and unbanked areas.
If at all additional capital is required, the Government should provide capital to the Banks and not by availing loan from World Bank or handing over top private capital.
More loans should be given to agriculture at cheaper rate of interest. Foreign capital in our Banks should be further restricted.
Increasing Bad Loans Non Performing Assets should be contained and recovered by stringent measures.
Similarly, the Banks are trying to outsource all normal banking services which is an attack on the jobs and security of the employees.
There is more than one lac vacancies in the Banks unfilled. And the UFBU is demanding revival of BSRB to recruit bank staff.
Even the genuine issues like implementation of already agreed compassionate appointment scheme is not being resolved.
In this context the UFBU said that if the Government does not come forward to resolve these issues amicably, the agitation will be further intensified with further strikes in the Banks.
Com.Ashwani Pradhan, Gen.Secy. JPBEF Com .Arun Kumar Gupta, President and Com. Hardev Singh, Com. Sohan Lal Bavoria Gen.Council Member AIBEA , Com. Sub ash Singh Manhas, Com. T K. Tickoo, Com. Rakesh Chouhan, Com.V.P.Sethi, Com.Veena Rathore Gen.Council Member AIBEA,Com.Nirmal Rattan Chairperson Women Council JPBEF, ComVK.Pandita addressed the gathering.
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