IBA to consider impact of public offers

Indian Banks' Association (IBA) will meet in a week's time to discuss some new issues raised by employees' unions including the implications of reduction of government holding in banks through public offers, the proposed mergers of banks and the hike in FDI cap to 74% in private
banks.

"The unions have raised some new issues. IBA will hold its next meeting on February 8 to deliberate on them," IBA officials said today.

The United Forum of Bank Unions, the umbrella body of nine major employees and officers associations, had a meeting with the IBA in this regard on January 28.

All India Bank Employees' Association (AIBEA) has decided to take up the issues again with the government and the IBA.

AIBEA is expected to make an announcement tomorrow regarding its programme of action against government policies, including a rally to the Parliament and a nationwide strike. The association will also publish the latest list of loan defaulters.