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BOIEU opposes new banking licence

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Press Trust Of India
Last Updated : Oct 09 2013 | 6:35 PM IST
Bank of India Employees Union (BOIEU) on Sunday opposed the Centre's decision to issue new banking licences. Odisha unit president of BOIEU Sachinanda Nanda said the move was being opposed as the very objective of nationalisation of banking sector was in peril as the process of privatisation of banks has already started. The move to issue new banking licences had put the economy of the country at risk, Nanda said.

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First Published: Oct 06 2013 | 11:25 PM IST

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