Six bank employee unions are planning to stage dharna in front of the Parliament on December 10 against the proposed amalgamation of several public sector lenders, to stop ‘anti-people’ banking reforms, to ensure the recovery of Non-Performing Assets and several other matters.
The unions participating in the dharna are the All India Bank Employees Association, the All India Bank Officers’ Confederation, the All India Bank Officers Association, the Bank Employees Federation of India, the Indian National Bank Employees’ Federation and the Indian National Bank Officers’ Congress.
“Experience of mergers in the country and across the globe has clearly shown that no benefit accrues to any of the stakeholder,” the unions said in a joint statement. “On the other hand, in the name of rationalisation of branches, a large number of branches would be closed affecting the common man. Millions would be affected as employment – both direct and indirect – would take a hit.”
In August this year, the centre announced its plan to merge 10 public sector banks into four to establish fewer and stronger global-sized banks.