NEWS & ADVICE : FIXED DEPOSITS
Employees of all PSBs to hold a 1 day strike on December 20
By Neelima Shankar
Dec 17, 2012
Print    Email    RSS   

To protest against the central government's decision to take up the Banking Law Amendments bill in the ongoing session of parliament, the employees of all public sector banking institutions have planned to stage a one day long nationwide strike this week, on December 20.    

Talking to the media about the strike, the President of Jharkhand Pradesh Bank Employees Association, Mr. R. A. Singh, said that the reforms proposed in the bill are not in the best interests of the banking sector of the country. He further added that the bill is aimed to allow easy mergers amongst banks and augment the voting rights of private capital in public as well as private sector banks.

He went on to add that the proposed amendment to Sarfaesi Act/Debt Recovery Act would only help corporate loan defaulters by allowing them to convert bad debts into investments in the share capital of the defaulters companies. He said that this step should not be accepted.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
How to Invest to Save?
Carnival of Indian Personal Finance Blogs #3
Recurring deposits: to the benefit of the...
Calculate your tax
For what purpose do you want to invest in...


MEXING: CaℒL Giℛℒ In Hoshiarpur 09855660911...
Sakeela.CaℒL Giℛℒs In Kharar 0985566O911...
NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...

NEWS THIS WEEK
Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive