AIBEA is protesting privatization of IDBI and merger plan for other banks. They say rise in bad debts is due to government, but they do not say why they did not protest misuse of banks by politicians and why did they not stop exploitation of bank by bank staff. They do not say why did they allow the loot of banks through bank staff for decades and why did they remain silent spectator of all evil activities. After all , top leaders of workman employees and that of officers union are also one of members of board of directors of each Bank.
I agree merger of banks is not the solution and I agree that privatization of bank is also not the solution to bank's problem. But I feel that even maintaining current status of government bank is also not the medicine to cure current health of public sector banks. Mergar of Banks can only increase size of bank's volume of business but cannot change the heart and mind of bank staff and that of politicians who used banks to serve their self interests at the cost of common men.
Banks were nationalised in the year 1969 only to stop exploitation of poor people by promoters of private banks. And now the same government is inclined to handover government bank to private sector to stop exploitation of bank by the government and by government tagged bank staff. Wine remains the same but bottle changes from time to time.
Culture of flattery by bank staff as well as by trade union leaders to bosses of banks to serve their self interest is root cause of sickness of banks.It is leaders of trade unions like AIBEA, BEFI, AIBOC who have contributed a lot in loot of banks and in spoiling work culture. It is they who gave protection to dishonest staff at the cost of good staff. It is they who used power of unity and militancy of bank staff to blackmail management of each Bank and to serve their selfish motto only. These leaders could not even protect interest of their member staff because they slowly became flatterers of top officials of banks . These leaders jointly and severally looted banks in their own style and protected each other whenever their evil works got exposed.
Until there is change in attitude of bank staff and that of politicians we cannot dream of improvement of health of Banks, neither by keeping them as fully government bank nor by partial privatization of them.
We will have to stop malpractices from top to bottom in banks as well as in politics. Banks top bosses get success in their loot only by taking support of trade union leaders.
All top officials of every bank first try to please trade union leaders. They shut the mouth of these leaders by obliging them in various ways. When they get success in bringing leaders in their good book, top bank officers start acting arbitrarily and in looting it.
As such trade union leaders are as responsible and accountable as top bosses and politicians are responsible and accountable for ill health of banks.
If each staff , each officer and each trade union leaders become conscious of their duties towards their organization along with their rights , no power on earth can make banks sick. They could have built pressure on politicians to make legal set up stronger to recover dues from Bank loan defaulters. They could have stopped corrupt bank officers in selling promotion to flatterers. They could have stopped campus recruitment and arbitrarily allowing bank management to pay higher salary to freshers. And so on.....
Trade union leaders should try to understand and make it clear to common
Men bank staff and bank officers who were and who are considered non performers by management of government banks become star performers when they leave public banks and join private banks for making their career bright. Staff associated with government banks are as such not bad. But the corruption at higher level make and convert even good performer to act in support of top bosses or they are forced to leave banks .
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I agree merger of banks is not the solution and I agree that privatization of bank is also not the solution to bank's problem. But I feel that even maintaining current status of government bank is also not the medicine to cure current health of public sector banks. Mergar of Banks can only increase size of bank's volume of business but cannot change the heart and mind of bank staff and that of politicians who used banks to serve their self interests at the cost of common men.
Banks were nationalised in the year 1969 only to stop exploitation of poor people by promoters of private banks. And now the same government is inclined to handover government bank to private sector to stop exploitation of bank by the government and by government tagged bank staff. Wine remains the same but bottle changes from time to time.
Culture of flattery by bank staff as well as by trade union leaders to bosses of banks to serve their self interest is root cause of sickness of banks.It is leaders of trade unions like AIBEA, BEFI, AIBOC who have contributed a lot in loot of banks and in spoiling work culture. It is they who gave protection to dishonest staff at the cost of good staff. It is they who used power of unity and militancy of bank staff to blackmail management of each Bank and to serve their selfish motto only. These leaders could not even protect interest of their member staff because they slowly became flatterers of top officials of banks . These leaders jointly and severally looted banks in their own style and protected each other whenever their evil works got exposed.
Until there is change in attitude of bank staff and that of politicians we cannot dream of improvement of health of Banks, neither by keeping them as fully government bank nor by partial privatization of them.
We will have to stop malpractices from top to bottom in banks as well as in politics. Banks top bosses get success in their loot only by taking support of trade union leaders.
All top officials of every bank first try to please trade union leaders. They shut the mouth of these leaders by obliging them in various ways. When they get success in bringing leaders in their good book, top bank officers start acting arbitrarily and in looting it.
As such trade union leaders are as responsible and accountable as top bosses and politicians are responsible and accountable for ill health of banks.
If each staff , each officer and each trade union leaders become conscious of their duties towards their organization along with their rights , no power on earth can make banks sick. They could have built pressure on politicians to make legal set up stronger to recover dues from Bank loan defaulters. They could have stopped corrupt bank officers in selling promotion to flatterers. They could have stopped campus recruitment and arbitrarily allowing bank management to pay higher salary to freshers. And so on.....
Trade union leaders should try to understand and make it clear to common
Men bank staff and bank officers who were and who are considered non performers by management of government banks become star performers when they leave public banks and join private banks for making their career bright. Staff associated with government banks are as such not bad. But the corruption at higher level make and convert even good performer to act in support of top bosses or they are forced to leave banks .
source important banking news
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