India : Bank employees flay reforms
Condemning banking reforms, outsourcing and huge pile of non-performing assets, bank employees staged a demonstration in front of State Bank of India’s Palayamkottai branch on Friday ahead of their proposed nationwide
Led by Gilbert of National Confederation of Bank Employees, the protesters raised slogans against the ongoing banking reforms, especially the decision to merge the subsidiary banks with State Bank of India. They said the reforms, instead of achieving the intended objectives as portrayed by the top brass, would leave the banks and the employees in the lurch while favouring the corporate.
The lacklustre efforts of officials in ensuring repayment of bad loans had resulted in an increase in non-performing assets. The banks and the Union government were not keen to take the defaulters to task. It reflected a lack of commitment among the top brass.
Outsourcing of banking operations would lead to a range of issues which would not auger well for the customers, the protesters said.
They demanded lifting of gratuity ceiling, due incentive for those who worked overtime following demonetisation, tax exemption for leave encashment on retirement, five-days-a week work etc.
In a similar agitation organised in front of Canara Bank’s Beach Road branch in Thoothukudi, secretary Krishnamurthy led the protest.