Demand for nationalisation of pvt banks gets louder

General secretary of All India Bank Officers Association (AIBOA) S Nagarajan on Saturday exhorted the government to nationalise private banks instead of taking the decision otherway.

Addressing a gathering of bank employees at the opening of two-day 15th conference of All India ING Vysya Bank Officers Association at Rajendra Kalamandira in the city, Nagarajan said despite stiff opposition to the merger of local banks, efforts are on to merge them.

In a nation  of six lakh villages and 90,000 banks, it is due to merger alone, banks are shutting shops. It is pathetic to note that the banks opened with a motto to improve the economic condition of teh villagers and also encourage them in financial dealings, are now on closing path.

Nagarajan also demanded for stopping of extending life insurance services in the private banks, as the banks are assured of profits with transaction to the tune of crores of rupees. It will result in overburdening the staff. On the working hours, Nagarajan said in the western nations, banks function for eight hours for five days in a week and close for two days.

Back at home, in India though we replicate the same  both working hours and the period of functioning changes. When the banking staff is toiling hard working overtime, they should be ensured of spending some time with their family. It can be guaranteed only when five days a week system is implemented.

President of AIBOA R J Sridharan alleged that divide and rule policy is on the rise in banks. This has left officers and workers in distress. A good work atmosphere should be created and reaping profits should not be the only motto of the banks. The welfare of staff should also be given due priority.

He cited his own example saying, when he joined the bank he was getting a salary of Rs 300. By the time of retirement, it had touched Rs 32,000 and now his pension is Rs 22,000. It was only due to hardwork, I could climb the ladder of success, said Sridharan.
Head of human resource, ING-Vysya Bank Limited J M Prasad, national head marketing Brit Morgon, general secretary of All India Vysya Bank Employees Association K J Ramakrishna Reddy and president S A Sridhar were present.

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