Latest


Mangaluru: 'Union govt trying to shut down banks in the name of reforms'

  •   Fri, Jul 29 2016 03:42:50 PM

Pics: Spoorthi Ullal (Mangaluru) / Umesh Marpalli (Udupi)
Daijiworld Media Network - Mangaluru (JS)

Mangaluru, Jul 29: In response to the nationwide strike on Friday on July 29 called by the United Forum of Bank Unions (UFBU) to express its opposition and protest against banking reform measures, particularly the decision to merge associate banks of SBI, the DK unit of UFBU held a protest at State Bank here.


Mangaluru


Udupi

Addressing the protesters, Raghava, secretary of the DK unit of All India Bank Employees' Association (AIBEA) said, "The general public may have a misconception that bank employees' protest is for salary hike. But today our protest is not for salary hike but to protect the public sector banks. These banks are an asset of our nation and our protest is in national interest. The central government in the name of banking reforms is trying to close down the banks.

"Recently the central government has decided to merge the State Bank of Bikaner and Jaipur (SBBJ), State Bank of Travancore (SBT), State Bank of Patiala (SBP), State Bank of Mysore (SBM) and State Bank of Hyderabad (SBH) with the SBI. This is the first step and the next step is merging of 27 nationalized banks into six banks. The result will be closing down of branches as there cannot be two branches of the same bank side by side. The merger of banks means closing down of a number of branches and loss of employment in banking. The central government and Indian Banks Association (IBA) is systematically conspiring in this direction," he alleged.

"The reformation of banks can happen only by the recovery of non-performing asset (NPA) loans. We have to question, does the union goverment or IBA has the will to do this? Today we see instances where willful defaulters like VIjay Mallya who owe thousand of crores to banks are absconding from the country under the nose of top investigative agencies like the CBI and the Enforcement Directorate (ED). We have collectively got a total of Rs 8,000 crore as salary hike and on the other hand, one individual owes Rs 9,000 crore to the bank. Nothing can be more shameful than this. I read in papers today that non-bailable warrant has been issued against. It is shameful that after running away from the country warrant has been issued against him.

"The government is trying to privatise banks in the name of banking reforms. We do not have any confidence that today's protest alone will stop the conspiracy of closing down banks in the name of reforms. Hence I call upon all the bank employees to get ready to fight against the injustice," he urged.

Vincent D'Souza, convenor of DK unit of UFBU, Vishwanath Pai, member of district AIBEA and others were present.
  

Top Stories

Allegro Aventus: Luxury at affordable cost within 2 km from City Centre Mall

  •   13 hours ago    1

Comment on this article

  • Donald, Mangalore

    Sat, Jul 30 2016

    Talking about elephants where is zeitgeist??

    DisAgree Agree Reply Report Abuse

  • JJ,

    Sat, Jul 30 2016

    Foreign banks are at the door!!!
    Make in india...

    DisAgree Agree [2] Reply Report Abuse

  • Vinit D, Mangalore

    Sat, Jul 30 2016

    The BJP has been ideologically opposed to public sector and in support of private sector. BJP’s earlier incarnation Jan Sangh opposed nationalisation of banks in 1969 when the then Congress government brought a legislation in the parliament. The earlier NDA government headed by Vajpayee introduced a bill in the Lok Sabha in December 2000 to reduce the government shareholding to 33 per cent thus paving way for privatisation of PSBs.
    Even in sectors like Defence the government is encouraging FDI.The Soviets/Russians transferred defence technology to India for decades, for generations of MIG and Sukhoi fighter aircraft and other armaments. But such a model is being abandoned to bring in FDI where the brings technology on its own terms terms, with Indian manufacturing not keeping pace.

    DisAgree Agree [6] Reply Report Abuse

  • makeMyDay, Mangalore

    Sat, Jul 30 2016

    These guys are active only during the strike

    DisAgree [4] Agree [3] Reply Report Abuse

  • Krishna Dasa, Udupi

    Sat, Jul 30 2016

    Banking & Airlines are business and should be sold to private organization to prevent corruption & poor service to the public. Government should regulate, inspect, penalize and collect tax from these business. Bank workers are private Citizens like all other people of the country and find or create jobs in private sectors. It is not the rights of few Citizen to have job in Government Banks and Airlines it is a privilege. Government should be fair just for all people not just few.

    DisAgree [5] Agree [1] Reply Report Abuse

  • Mars, Udupi, Dubai

    Sat, Jul 30 2016

    Most poor people in India. Pls help them by writing all bank branches in their name itself

    DisAgree Agree Reply Report Abuse

  • Vincent Rodrigues., Frazer Town,Bangalore

    Fri, Jul 29 2016

    Congress built banking sector in India and the present BJP government trying to weaken the banking sector.

    DisAgree [1] Agree [5] Reply Report Abuse

  • lincoln, Urwa, mangalore

    Fri, Jul 29 2016

    no sympathy for bank employees, very rude and take it or leave it treatment they give to public, no sympathy to poor customers. By merging many banks with single bank employees cannot be retrenched as it happens in foreign country, these employees job is protected, then why they are going on strike. NPA of PSU banks is highest in the history. When there are so many banks Govt.cannot control, with limited if say there are only 3 to 4 major banks there will be strict control and more profitability in the future and govt.can give chance to Pvt.banks and NBFC to operate with condition that they have to of open branches in Rural areas also. There will be more opportunity for jobs if Pvt.banks are given licences

    DisAgree [3] Agree [13] Reply Report Abuse

  • Dev, Mangalore

    Fri, Jul 29 2016

    Who caused the banks to have NPA's, the governments who put pressure on banks to lend bigshot businessmen & who are enjoying their lifestyle without repaying any amount back.
    Vijay Mallya is only a small fly compared to Ambanis & Adanis, the present PM had pressured public sector banks to give guarantee to Adani to get Mining rights in Australia, if he defaults then thousands of crores will be lost & if the banking sector collapses its the people who have deposited their hard earned money including retired people will lose & not the politicians who have invested their ill gotten wealth in benami properties & foreign banks.
    People have a choice now with banks competing with each other to get more business & incentives to staff prompting them to be friendly with their clients to get their goodwill & business unlike those banks like State Banks which are huge existence & not that enthusiastic like other nationalized or private banks.
    The more the competition the more efficient the banks perform, if their number gets reduced then people are the losers in the long run.

    DisAgree [2] Agree [12] Reply Report Abuse

  • LNT, Mumbai

    Fri, Jul 29 2016

    Then how about the rs. 2 and rs.365 Insurance forms filled regd. Has anyone got conformed bond papers.

    DisAgree [1] Agree [3] Reply Report Abuse

  • Af,,, MANGALORE

    Fri, Jul 29 2016

    Most poor people of india.and eligible for highest paid holidays in the year,

    DisAgree [1] Agree [13] Reply Report Abuse

  • Roshan,Bejai, mangalore

    Fri, Jul 29 2016

    Union Govt.policy is really to be praised, in fact we don't need so many banks in the same lane, let them open new branches in the rural India where people have to walk sometime 5 kms to reach bank. Let Govt.close the branches where they are not making profit and feeding these white elephants, even after retirement they get 50% salary and enjoying life. Let Pvt.bank grow so that many unemployed educated people will get job. Hats up Union Govt.for their decision.

    DisAgree [8] Agree [17] Reply Report Abuse

  • SMR, Karkala

    Fri, Jul 29 2016

    In August 2014, the finance minister Arun Jaitley had told the Parliament that bad loans in the banking system had risen to 4.03% of the advances in 2013-14. The number had stood at 3.42% in 2012-13 and 2.94% in 2011-12.
    In fact, the situation is much worse for public sector banks. As on March 31, 2013, the gross non performing assets (NPAs) of public sector banks had stood at 3.63% of the gross advances. By September 30, 2014, this had jumped up to 4.80% of the gross advances. During the same period the gross NPAs of private sector banks has been more or less stable at 1.8% of gross advances.
    Uday Kotak, utive Vice Chairman and Managing Director of Kotak Mahindra Bank, in a television interview earlier this year had estimated that the Indian banking system may have to write off loans worth Rs 3.5-4 lakh crore over the next few years. When one takes into account the fact that the total networth of the Indian banking system is around Rs 8 lakh crore, one realizes that the situation is really precarious.
    The modern day version of this quote was put forward by the Economist magazine when it said “If you owe your bank a billion pounds everybody has a problem.”

    Jai Hind

    DisAgree [3] Agree [8] Reply Report Abuse

  • Jossey Saldanha, Nashville

    Fri, Jul 29 2016

    Thanks to 'Digital India' we do not need banks which are always on a holiday ...

    DisAgree [4] Agree [22] Reply Report Abuse

  • Wilson, Mangauru/Saudi

    Fri, Jul 29 2016

    Strike from 'WHITE ELEPHANTS'.

    DisAgree [2] Agree [22] Reply Report Abuse

  • rajesh , mangalore

    Fri, Jul 29 2016

    To all the ppl who are busy protesting. Boda acche din :)

    DisAgree [4] Agree [19] Reply Report Abuse

  • Shetty, Mangalore

    Fri, Jul 29 2016

    Perform or perish....Govt for too long has been feeding white elephants by public funds......95percent of our people thrive on private sector & work hard to make ends meet, whereas 5percent create all such nuisance by holding public to ransom.......Increase your efficiency & compete with private banks, rather than cry.....The tax that we pay is for developing country's infrastructure & enabling our security & not to feed white elephants...Even after so many years since banks nationalisation, 50percent of the people did not have bank accounts.It required a push from PM for these banks to enroll the poor in to the banking system.This says a lot about the laid back attitude of PSUs....

    DisAgree [11] Agree [16] Reply Report Abuse

  • Nithin Poojary, Mangalore

    Fri, Jul 29 2016

    Mr.Modi by merging banks do you have any Idea how many employees may be forced to take VRS...Secondly at present thousands of vacancies are coming in banking ninty percent of the vacancies will be dried by your so called reform...
    No banks are running in loss all banks are earning good profit, just to show to the voters that you have earned more profit your screwing up the employees and our future generation...not only bank employees it will have a bad impact on the economy also...if people dosent have employment purchasing power will come down and other businesses will also be effected by this so called Modi reform...

    DisAgree [17] Agree [20] Reply Report Abuse

  • Joseph F. Gonsalves, Bannur, Puttur / Mangalore

    Fri, Jul 29 2016

    Congress built the Banks by nationalizing.
    Besharam Jhoot Party is destroying the Banks.

    DisAgree [15] Agree [38] Reply Report Abuse

  • akhilesh, Managalore/Bangalore

    Fri, Jul 29 2016

    o h really???we all know how your "CON"gress...approved mega loans to mallya,chidu, YSR's properties and today u say BJP is pulling banks down...do u know how these employees in State bank behave????? as if they pay from their pockets....agreed that indira gandhi's nationalization was a master stroke....but the congress of 2009 to 2013 was a disaster...

    DisAgree [11] Agree [3] Reply Report Abuse

  • Joseph F. Gonsalves, Bannur, Puttur / Mangalore

    Fri, Jul 29 2016

    Dear akhilesh, Managalore/Bangalore,

    Do you know how much pressure is there in the work force without appointments. Most of the loyal employees of the banks are retired and no replacements are made.

    There are thousands of vacancies in the banks unfilled.

    One employee has a work burden of of three employees and naturally the employees will be in tension.

    Of course the banks are giving loans. Why the central government allowed Lalit Modi and Vijaya Mallya to run out of the country.

    When vijaya mallya offered 5000 crores to the banks why the central government did not intervened to get whatever he repays.

    The central government itself is a defaulter of peoples 15 lakhs each un-deposited in their accounts.

    Remain the big, big shots like, Ambani, Adani, Tatas, Birlas, and other RSS sympathizers loans are dead loans to be written off and indirectly goes to BJP party and for chaiwaala prime minister's luxury site seeing world tours.

    UN EMPLOYMENT IS AT THE PEAK AND WHY NOT THE CENTRAL GOVERNMENT IS FILLING RETIRED PERSONNEL POSTS OF THE BANKS AND KEEPS VACANT THERE BY HEAVY BURDEN ON THE MEAGER VOLUME EMPLOYEES OF THE BANKS.

    THE CENTRAL GOVERNMENT WANTED TO DESTROY THE BANKS BY PUTTING HEAVY BURDEN ON THE EMPLOYEES AND I SUPPORT THEIR GENUINE CAUSES.

    TRY TO BE IN THEIR SHOES AND YOU WILL FIND THE BURDEN OF MANAGEMENT AS THE FEKU P.M., BLOWN BEFORE ELECTIONS AND NOW FEEL INEXPERIENCED HEAT.

    DisAgree [4] Agree [10] Reply Report Abuse

  • Suleman Beary, Udupi

    Fri, Jul 29 2016

    I think after 10 years from now, all banking transaction will be by electronic card. Banks will may only required to stock currency and distribute among ATMS'. PayTM, ATM and credit cards will take over all the banks.

    DisAgree [4] Agree [26] Reply Report Abuse

  • Jossey Saldanha, Nashville

    Fri, Jul 29 2016

    Merging is not Shutting Down ...

    DisAgree [6] Agree [24] Reply Report Abuse

  • hemanth, bangalore

    Fri, Jul 29 2016

    Merging of state banks will help common citizen..

    DisAgree [14] Agree [22] Reply Report Abuse

  • Peter, Bangalore

    Fri, Jul 29 2016

    Middle class or Central govt employee who voted feku in last election

    DisAgree [11] Agree [38] Reply Report Abuse


Leave a Comment

Title: Mangaluru: 'Union govt trying to shut down banks in the name of reforms'



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.

You might also like