Bank unions will meet in Kolkata on March 24th to formulate a strategy to counter government's directions to banks seeking curtailment of employee benefits for avail capital infusion.Recently the government had sent letters to about ten banks, asking them to lay out a roadmap for revival. The letter also states that some staff benefits could be restructured on a temporary basis. The meeting has been convened by All India Bank Employee Association (AIBEA), the oldest and largest trade union of bank employees, and all major unions of ten banks are expected to attend the meeting. "We will decide on future course of action in the meeting. The root of cause of the distress in the banking sector is high amount of NPA, and employees have no role in it. On 24th, we will not only discuss the issue of employee benefit curtailment, but also NPAs. There is a huge possibility of large amount of restructured assets slipping into NPAs," said, Partha Chanda, joint secretary, AIBEA. Meanwhile banks ...

Bank unions to discuss benefit curtailment plan

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	Bank unions will meet in Kolkata on March 24 to formulate a strategy to counter the government&rsquo;s directions to banks seeking curtailment of employee benefits to avail capital infusion. Recently, the government had sent letters to 10 banks, asking them to lay out a road map for revival. The letter also states that some staff benefits could be restructured on a temporary basis. The meeting has been convened by the All India Bank Employees Association.&nbsp;</div>
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Bank unions will meet in Kolkata on March 24th to formulate a strategy to counter government's directions to banks seeking curtailment of employee benefits for avail capital infusion.Recently the government had sent letters to about ten banks, asking them to lay out a roadmap for revival. The letter also states that some staff benefits could be restructured on a temporary basis. The meeting has been convened by All India Bank Employee Association (AIBEA), the oldest and largest trade union of bank employees, and all major unions of ten banks are expected to attend the meeting. "We will decide on future course of action in the meeting. The root of cause of the distress in the banking sector is high amount of NPA, and employees have no role in it. On 24th, we will not only discuss the issue of employee benefit curtailment, but also NPAs. There is a huge possibility of large amount of restructured assets slipping into NPAs," said, Partha Chanda, joint secretary, AIBEA. Meanwhile banks hav