Tuesday, May 20, 2014

Bank strike on 23rd May against Nayak Report

Update : No Bank Strike on 23rd May 2014, only demonstration.

Giving a strike call on May 23 against recommendations of the P J Nayak Committee on corporate governance in public sector banks, various bank employees’ associations said today they would oppose any attempt to privatise state-run banks.
Last week, an RBI working committee headed by former Axis Bank chairman P J Nayak had suggested the government to cut its holding in public sector banks to below 50 per cent.

“Five national organisations representing 10 lakh bank employees and officers will oppose the Nayak Committee recommendations which are aimed at destroying the character of public sector banking,” Maharashtra State Bank Employees’ Federation general secretary Vishwas Utagi said in a statement.
The five bank associations, namely All India Bank Employees’ Association (AIBEA), All India Bank Officers’ Association (AIBOA), Bank Employees’ Federation of India (BEFI), Indian National Bank Employees’ Federation (INBEF) and Indian National Bank Officers’ Congress (INBOC) plan to hold protest demonstrations across the country on May 23.
Other Nayak panel recommendations include merger of public sector banks, transferring ownership of public sector banks to a “bank investment company”, repeal of the Bank Nationalisation Act and SBI Act, as well as bringing banks under the Companies Act, besides increasing voting rights of shareholders in public sector banks to 26 per cent from 10 per cent.
Source : PTI

No comments :

Contact Us

Viewers may share any information with the administrator in this email shyamali00@gmail.com
Any news, if approved, may be published in this blog under his /her name.
Related Posts with Thumbnails

Blog Archive

Bookmark This Page

Bookmark and Share
All the information published in this webpage is submitted by users or free to download on the internet. I make no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this page and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. All the other pages you visit through the hyper links may have different privacy policies. If anybody feels that his/her data has been illegally put in this webpage, or if you are the rightful owner of any material and want it removed please email me at "shyamali00@gmail.com" and I will remove it immediately on demand. All the other standard disclaimers also apply.