UNION & EMPLOYES STRIKES DEMAND
WHAT ARE THE PROBLEMS OS PRIVATISATION BANKS
THE WNITER SESSION OF PARLIAMENT, WHICH STARTED 29 NOVEMBER WILL ALSO SEE THE INTRODUCTION OF THE BANKING LAWS {AMENDMENT} BILL2021 AIMING TO PRIVATISE TWO PUBLIC SECTOR BANKS. THE BILL IS AMONGTHE LIST OF 26 SUCH PROPOSED LEGISLATIONS WHICH ARE SCHEDULED TO BE INTRODUCED DURING THE SESSION.
DURING THE BUDGET 2021- 2022 SPEECH ,FINANCE MINISTER NIRMALA SITHARAMAN HAD ANNOUNCED THE PRIVATISATION OF TWO PUBLIC SECTOR BANKS AS PART OF THE GOVERNMENT'S AIM TO GARNER RS1.75 LAKH CRORE IN THE CURRENT FISCALYAER VIA DISINVESTMENT.
THE PURPOSE OF THE BILL STATES THAT IN ORDER TO PRIVATISE THE TWO PUBLIC SECTOR BANKS, AMENDMENT NEED TOBE MADE IN BANKING COMPANOES ( ACQUISITION AND TRANFER OF UNDERTAKINGS) ACTS,1970 AND 1980 , ALONG THE INCIDENTALAMENDMENT TO BTHE BANKING REGULATION ACT 1949 THESE AWS HAD LED TO NATIONALISATION OF BANKS, THEREFORE, THEIR RELEVANT PROVISIONS HAVE TO BE CHANGED TO PAVE THE WAYS FOR PRIVATISATION.
THE BILL IS EXPECTED TO LOWER THE MINIMUM GOVERNMENT HOLDING IN PUBLIC SECTOR BANKS(PSB) TO 26%STAKE AMEND IN NEW BILL .
BEFORE GOVERNMENT HOLDING MINIMUM STAKE 51%. WHILE THE CENTRW IS YET TO ANNOUNCE THE Name of two BANKS on 24 november the SHARES OF INDIAN OVERSEAS BANK & CENTRAL BANK OF INDIA AS PER NITI AAYOG RECOMMDATION.
16 DECEMBER -- 17 DECEMBER TWO DAYS STRIKE IN PUBLIC SECTOR BANKS ALL BANK EMPLOYESS POROTEST AGAINST THIS LAW & BANKS UNION
ALL INDIA BANK CONFEDERATION (AIBOC) & UNITED FORUM BANKS UNION (UFBU)
AIBOC WHAT ARE THE REASON BEHIND THE STRIKE ----------- JOB LOSSESS, BRANCH CLOSUES, FINANCIAL EXCLUSION
BEFORE TIME PSB 27 BANKS BUT PRESENT TIME ONLY 12 DUE TO -- BANK MERGE
ALL OVER INDIA 3,321 BRANCHES CLOSEED IN 3 YEAR
PRIVATE BANKS ---- MORE PRIFIT
AFFLUENT SECTOR (URBAN SECTOR)
THEY DO NOT MORE PARTICIPATE IN RURAL AREA WEAKER SECTION
0 (ZERO) BALANCE ACCOUNT --- STUDENT , WEAKER SECTION , OTHER REASON ETC ..
SBI AND PNB ,LARGE BANK EMPOLOYES STRIKE
BANK EMPLOYES & UNIONS THE PRESENT AT TIME RISKY FOR BANKING MANAGMENT BECAUSE CORONA TIME ALL BUSSINESS ARE DOWN
NPA DEALING WITH ISSUES BUT PRESENT TIME SOME IMPROVE
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