You are here: Home » Finance » News » Banks
Business Standard

PSB employees to protest on Friday against staff shortage, recovery of NPAs

Other issues include withdrawal of FRDI Bill, increase of service charges of public, compensation of demonetisation

Press Trust of India  |  Dharamshala 

PSU, banks, merger

employees plan to conduct "March to Parliament" on September 15 to draw the government's attention towards various issues, Deepak Kumar Sharma, general secretary of Officers Association, Circle, said in Dharamshala.

Sharma added that as regards the sector there is a long list of issues like shortage of staff, real recovery of NPAs, withdrawal of FRDI Bill, an increase of service charges of public and compensation of

He also raised some issues of like the of associate and said that a number of irritants in the area of implementation of the have come before the association like the placement of officers, relocation of offices and structural changes as the number of branches and new regional offices been increased.

The workforce of the industry is preparing for a strong protest action during the next couple of months in order to convey their resentment over such issues, he said.

Sharma was visiting the city in connection with the opening of the Officers Guest House at Dharamshala.

Sharma said in an official press release that "after a successful all-India strike on August 22 this year, the officers and workmen in the industry have given a call for 'March to Parliament' on September 15, 2017".

Sharma drew attention towards the huge NPAs created by the corporate sector, helplessness of bankers in recovering the loans in the absence of strong political will and stringent legal frame work.

He said, "The has been continuously complaining about the performance of by highlighting the growing NPAs with a sinister design to privatise the banking industry."

Sharma said the new wage revision is due from November 1, 2017 and the Indian Banks' Association (IBA) is yet to commence dialogue with seriousness.

First Published: Tue, September 12 2017. 08:07 IST