Units are aware that AIBEA has given the call for All India Strike on 25th September, 2013 to protest against the ongoing banking reforms, mergers, closure of Associate Banks for takeover by SBI, new Bank Licensing Policy to permit corporate houses to start their own Banks, etc. We are sure that all our units and members are taking every effort to make this strike a total success. The strike call assumes special significance in the private sector Banks, particularly the first generation private Banks. These private Banks have been in existence for so many years and have been contributing in their own way for the economic activities of the country besides serving their customers. Traditionally, these private Banks have been confined to certain geographical areas with their limited branches and resources. But in the last two decades of opening up the banking sector, these private Banks have come under lot of pressure. They had to compete with the second generation private Banks which had all the encouragement and blessings of the Government. And, wherever they tried to copy and compete, they got into problems and lost their identity and got merged with some second generation private Banks. In the recent years we have seen how Banks like Sangli Bank, Bank of Rajasthan, Bank of Madura, Lord Krishna Bank, etc. were gobbled up by ‘big brothers’. We have also seen the conditions of the employees of these Banks after such takeovers. Our Unions in these Banks have also been killed with vengeance ( except our Lord Krishna Bank Employees Union) so as to have freedom to harass and exploit the employees forcing them to resign and leave the jobs.
Posted on: Mon, 09 Sep 2013 14:33:52 +0000