Bank employees are planning a march to Parliament on December 11 to voice their protest over the Government’s new bank licensing policy.
“Banks can play a vital role at times of industrial recession/ slowdown, provided they are regulated with proper guidelines. The public sector banks have to be strengthened and regulated. This is not an appropriate time to allow new banks,” said C. H. Venkatachalam, General-Secretary, All India Bank Employees Association
“Just like the Debt Waiver Scheme, the Government should make a budgetary provision for impact of losses the banks face on account of bad loans,” he suggested, adding, “the idea of giving bank licences to corporate houses can be highly risky as they are involved in scams.” Around 30,000 bank employees are expected to take part in the Morcha.