 "Arun Jaitley")
A bank union delegation met finance minister Arun Jaitley and discussed about State Bank of India (SBI)’s associate banks and the privatisation of IDBI Bank.
A delegation from All India Bank Employees Association (AIBEA) met the minister on Wednesday in North Block in Delhi.
C H Venkatachalam, general secretary, who was part of the team from AIBEA which met the minister, said that during the meeting AIBEA brought to the minister's attention the issues and problems within the associate banks, where bipartite settlement is being violated and SBI service conditions are being unilaterally foisted on the employees while even the government guidelines on compassionate ground appointment and improvement in staff housing loan limits are being denied to the employees of these banks.
"We also conveyed our views to him about the need to de-link the associate banks from the clutches of the SBI," said Venkatachalam.
AIBEA also filed a detailed memorandum to the minister covering these issues.
The minister assured he would address these issues, said Venkatachalam.
AIBEA also gave another memorandum regarding the announced privatisation of IDBI Bank.
The minister explained the government’s points of view.
"We explained our viewpoints and reasons for opposing the privatisation of IDBI Bank. We pointed out that the main reason for the problems faced by IDBI Bank was the huge bad loans in recent years and requested him to go for a thorough probe into this so accountability is enforced," he said.
AIBEA said that the development finance role should be properly defined so that the bank can be strengthened on those lines.
During the meeting, the Finance Minister expressed his concerns about the functioning of public sector banks, the quality of appointments of top executives of the banks and the attempt of the government to streamline the same, the need to strengthen the Public Sector Banks, the necessity for consolidation of Banks with a view to protect the weaker Public Sector Banks, etc. while underscoring the Government’s view that public sector character would not be diluted, said Venkatachalam.
A delegation from All India Bank Employees Association (AIBEA) met the minister on Wednesday in North Block in Delhi.
C H Venkatachalam, general secretary, who was part of the team from AIBEA which met the minister, said that during the meeting AIBEA brought to the minister's attention the issues and problems within the associate banks, where bipartite settlement is being violated and SBI service conditions are being unilaterally foisted on the employees while even the government guidelines on compassionate ground appointment and improvement in staff housing loan limits are being denied to the employees of these banks.
"We also conveyed our views to him about the need to de-link the associate banks from the clutches of the SBI," said Venkatachalam.
AIBEA also filed a detailed memorandum to the minister covering these issues.
The minister assured he would address these issues, said Venkatachalam.
AIBEA also gave another memorandum regarding the announced privatisation of IDBI Bank.
The minister explained the government’s points of view.
"We explained our viewpoints and reasons for opposing the privatisation of IDBI Bank. We pointed out that the main reason for the problems faced by IDBI Bank was the huge bad loans in recent years and requested him to go for a thorough probe into this so accountability is enforced," he said.
AIBEA said that the development finance role should be properly defined so that the bank can be strengthened on those lines.
During the meeting, the Finance Minister expressed his concerns about the functioning of public sector banks, the quality of appointments of top executives of the banks and the attempt of the government to streamline the same, the need to strengthen the Public Sector Banks, the necessity for consolidation of Banks with a view to protect the weaker Public Sector Banks, etc. while underscoring the Government’s view that public sector character would not be diluted, said Venkatachalam.
