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Bank unions want police protection for branches

IANS  |  Chennai 

Two unions in the sector have urged the Indian Banks Association (IBA) to advice its member banks to seek police protection for branches as they face crunch.

The unions also urged the IBA to take up with Reserve of India (RBI) the issue of supply of currency notes without discriminating between the government and private banks.

"Sir, we are afraid, there would be lot of undue pressures, tensions, conflicts and clashes in the branches and branch managers, officers and other staff would face a big ordeal," All India Employees Association (AIBEA) and All India Officers' Association (AIBOA) on Tuesday wrote to the IBA.

"We seek the intervention of IBA to advice the banks to ask for proper police protection in branches to provide proper security to the staff," the letter notes.

"The next one week to 10 days are going to be much more tense because huge number of employees, workers and retirees/pensioners would throng the branches to draw from their salary credit and non-availability of enough may lead to serious issues of law and order also," the unions said.

Citing the allegations that some private banks get more supply of notes from the Reserve of India, the two unions sought that the RBI should ensure supply of currency notes to all banks without any discrimination.

--IANS

vj/sm/vt

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Bank unions want police protection for branches

Two unions in the banking sector have urged the Indian Banks Association (IBA) to advice its member banks to seek police protection for branches as they face cash crunch.

Two unions in the sector have urged the Indian Banks Association (IBA) to advice its member banks to seek police protection for branches as they face crunch.

The unions also urged the IBA to take up with Reserve of India (RBI) the issue of supply of currency notes without discriminating between the government and private banks.

"Sir, we are afraid, there would be lot of undue pressures, tensions, conflicts and clashes in the branches and branch managers, officers and other staff would face a big ordeal," All India Employees Association (AIBEA) and All India Officers' Association (AIBOA) on Tuesday wrote to the IBA.

"We seek the intervention of IBA to advice the banks to ask for proper police protection in branches to provide proper security to the staff," the letter notes.

"The next one week to 10 days are going to be much more tense because huge number of employees, workers and retirees/pensioners would throng the branches to draw from their salary credit and non-availability of enough may lead to serious issues of law and order also," the unions said.

Citing the allegations that some private banks get more supply of notes from the Reserve of India, the two unions sought that the RBI should ensure supply of currency notes to all banks without any discrimination.

--IANS

vj/sm/vt

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Bank unions want police protection for branches

Two unions in the sector have urged the Indian Banks Association (IBA) to advice its member banks to seek police protection for branches as they face crunch.

The unions also urged the IBA to take up with Reserve of India (RBI) the issue of supply of currency notes without discriminating between the government and private banks.

"Sir, we are afraid, there would be lot of undue pressures, tensions, conflicts and clashes in the branches and branch managers, officers and other staff would face a big ordeal," All India Employees Association (AIBEA) and All India Officers' Association (AIBOA) on Tuesday wrote to the IBA.

"We seek the intervention of IBA to advice the banks to ask for proper police protection in branches to provide proper security to the staff," the letter notes.

"The next one week to 10 days are going to be much more tense because huge number of employees, workers and retirees/pensioners would throng the branches to draw from their salary credit and non-availability of enough may lead to serious issues of law and order also," the unions said.

Citing the allegations that some private banks get more supply of notes from the Reserve of India, the two unions sought that the RBI should ensure supply of currency notes to all banks without any discrimination.

--IANS

vj/sm/vt

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22