Finance Minister to restart meetings with banks, CMs


Finance Minister Pranab Mukherjee said he was planning to revive the practice of meeting representatives of banks along with chief ministers and finance ministers of states at least once a year to discuss related issues.
He expressed concern over credit-deposit ratio in some states which was not at par with the national level.
Mukherjee stated this while replying to supplementaries during the Question Hour in the Lok Sabha.
He said review of performance of regional rural banks was being done at regular intervals by the respective sponsor banks, National Bank of Agriculture and Rural Development and the Centre wherein losses of RRBs were also looked into.
Mukherjee noted that over the past few years credit flow from RRBs have increased steadily.
Several steps taken by the Centre, RBI and NABARD to strengthen the financial health of RRBs and to help them become more competitive and competent in supplying credit to rural masses, he said.
The striking Bank employees, received support for their cause from several members in the Rajya Sabha, including those from the Congress, BJP and Left.
Raising the issue during Zero Hour, Tapan Kumar Sen (CPI-M) said 11 lakh bank employees have been forced to go on strike because of the "arrogant" attitude of the Indian Banks Association (IBA) and the government.
"It is most irresponsible and immature way of handling industrial relations," Sen said.

Ram Chandra Khuntia (Congress) said nationalised banks were earning huge profit of Rs 67,000 crore against which the additional outgo on account of increased wages would be only Rs 5,000 crore.

Banks employees are paid less than other public sector organisations, he said, demanding immediate intervention of the government.
Bank employees are on strike since yesterday in protest against IBA allegedly going back on an assurance of 17.9 per cent wage hike and offering compassionate appointments.
R C Singh (CPI) said banks were in a position to pay higher salary without depending on the government.

In his special mention, Prakash Javadekar (BJP) said the issue of wage revision for bank employees must be resolved.
"Sudden change in stand (by IBA) is highly provocative," he said.

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