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BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Sunday, June 7, 2020

.Are UFBU going to oppose this move seriously or will they make a "naam ke vaaste" protest. against privatisation of bank

The most unfortunate ,but an inevitable thing is that due to" Corona crisis",bipartite talks are deferred, indefinitely.As the whole country is waging the biggest ever battle to drive out the "evil" Corona virus out of the country,demanding for the bipartite negotiations will be a heartless demand.Fully agreed.The whole banking fraternity of the nation is wholeheartedly involved in discharging its duty to the nation. The bankers have defied the lockdown,and are discharging their duties to the people of our nation,by taking the biggest ever risk,which is still ongoing and no end appears to be in sight.
As of today in our country ,the cocern over potential increase of covid cases rise day by day.It appears that going by the current "spread speed",we may touch 7 lakhs cases by the end June 2020.We are perplexed by the move of the government to privatise the three PSBs,IOB,Bank of Maharashtra and Punjab and Sindh bank.This is the first time PSBs are taken for a ride towards privatization.Just few days back,we saw the statement from our trade union leader,that mega bank mergers are working smoothly.Our leader had also certified that the mergers have happened in a friendly manner.No need to worry.Very nice to hear.
But,now we have a doubt about the way in which our umbrella organisation UFBU is going to react to this "urgent privatisation"move of PSBs in this burning Corona times.Are they going to oppose this move seriously or will they make a "naam ke vaaste" protest.Time alone will unravel the trut


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