The All India Bank Employees Association (AIBEA), which represents nine bank unions and employees of public and private sector banks, has called for a all-India strike on August 22 to press for various demands, its general secretary C H Venkatachalam said.
Around one million bank employees and officers will go on strike in protest against the government’s decision to privatise public sector banks, mergers and consolidation of banks, and write off corporate Non-Performing Assets (NPAs) and demanding to declare wilful default of bank loans as a criminal offence, implement recommendations of the parliamentary committee on the recovery of NPAs.
The association also wants the government to ensure accountability of top management/executives for bad loans and put in place stringent measures to recover bad loans and withdraw proposed financial resolution and deposit insurance (FRDI) Bill, abolish Banks Board Bureau and not to pass on the burden of corporate NPAs on bank customers by hiking charges.
