BOIEU opposes new banking licence

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.