Bank Strike On 29th July 2016
ALL INDIA BANK OFFICERS’ ASSOCIATION (Central Office : Chennai)
Circular No.11/VI/2016
May 25, 2016
To:
ALL UNITS / STATE COMMITTEES
Comrades,
FAST FORWARD MOVEMENTS ARE TO BE STONEWALLED
CIRCUMSTANCES ARE CRITICAL HENCE THE ACTIONS TOO.
As rightly assessed from the time of the present Government assumed office, one of the prioritised agenda consistently pursued was reforms in the Financial Sector. Before assuming the office, the tailor made report of P.J.Nayak Committee was published thereby the directions were set to be taken forward. It got accelerated further by holding GYAN SNAGAM I in January 2015 followed by INDRA DHANUSH in August 2015 and GYAN SANGAM II in March 2016 highlighting the ills and to remedy the situation consolidation of Banks is the only solution. Ballooning of bad loans and its reflections on the Balance Sheets of various Banks, hope, need not be explained at present
The loan default from the Corporates is main the cause for the proposed move of Privatisation IDBI through dilution of equity. The assurances given repeatedly in the floor of Parliament have been thrown to winds. The interview in the electronic media by the responsible representatives of the Government cause serious concern to the entire workforce.
The nine constituents met at Hyderabad on 11th May 2015 and unanimously decided to observe series of programmes culminating in a days strike on 29th July 2016 by the entire workforce in the Banking Industry. But, the sudden move made through SBI administration to step up the pressures for swallowing the five Associates by SBI to enable them to upgrade the market share from the present level, was a bolt from the blue. The workmen in 5 Associate Banks [SSBEA] repulsed back the move by observing the Strike on 20.05.2016.
The fast forward movements are to be stonewalled in a quick way as the jobs and job security of the human assets are at stake. Our organisation along with AIBEA has addressed a communication to UFBU to prepone the date of strike. The said communication is annexed overleaf.
REPULSE BACK WITH UNITED STRENGTH
TO PUSH BACK THE MERGERS OF BANKS AND PRIVATISATION OF IDBI
SAVE THE NATIONAL ECONOMY AND SAVE THE JOBS.
Yours comradely,
/S.NAGARAJAN/
GENERAL SECRETARY
ALL INDIA BANK EMPLOYEES' ASSOCIATION
[Centra Office: CHENNAI]
ALL INDIA BANK OFFICERS' ASSOCIATION
[Central Office: CHENNAI]
25th may, 2016
To
Convenor,
UFBU, Hyderabad
Dear Comrade,
After the rightful decision of the UFBU at its meeting held on 11.05.2016 at Hyderabad to give the call for strike on 29.07.2016, we find that Government is fast going ahead with their plans for consolidation and merger. You are aware recently on 17.05.2016, in a hurriedly held board meeting, through a table agenda, decision has been taken to proceed towards closure of 5 Associate banks and to be merged with SBI.
It has also been decided to merge Bhartia Mahila Bank with SBI thus pulling the shutters down of this public sector bank.
Even on the announced decision to privatize IDBI Bank, few days ago, the Finance Minister has stated that this exercise will be expedited and completed in a few months’ time.
You are also aware that today it has widely appeared in the media that Mr. Vinod Rai has stated that 27 PSBs will be consolidated as 6 Banks and banks like Bank of India and IOB would be merged with some other bank.
Thus, we can find that the Government is moving very fast on their reforms agenda. In this context, we strongly feel that there is a case and need for UFBU to consider suitably preponing our strike to convey our immediate protest.
We request you to consider this suggestion in consultation with other constituents so that we can take a formal decision in this regard.
With greetings,
Yours comradely,
S.NAGARAJAN
GENERAL SECRETARY-AIBOA
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C.H.VENKATACHALAM
GENERAL SECRETARY-AIBEA
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Copy to: All constituents of UFBU
1 comment:
The projection of NPAs is a plea by the Government to stand on its decision to merge PSBs. Majority of the new NPAs constitute corporate loans which were given as per the oral directives of high ups in the Government and staff has no role to play except for prepare documentation and disbursement.In fact in some case the Loan proceeds might have handed over at the offices of the Corporate borrowers. To cover up the same, the government is now taking pleas to merge the Banks and making hue on setting up a committee for recovery of NPAs. Even the RBI governor is not in favour of disclosing names of large defaulters where as pressure is exerted on Groundlevel staff to recover the NPAs even on saturdays and other holidays.
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