Privatisation will jeopardise existence of banking sector: Tuljapurkar
   Date :06-Aug-2019

 Devidas Tuljapurkar, General Secretary of AIBOMEF, addressing the press conference here on Monday. Other office-bearers of the federation are also seen. (Pic by Satish Raut)
Business Bureau:
Reiterating its stand on privatisation of public sector banks, the All India Bank of Maharashtra Employees Federation (AIBOMEF) on Monday said, it would reach out to the masses and create awareness on the repercussions of the move. It said that the privatisation would jeopardise the existence of banking sector in the country. While announcing its 8th AIBOMEF Conference to be held here on August 17 and 18, Devidas Tuljapurkar, General Secretary of the federation alleged the Union Government of taking back-door entry route to privatise IDBI Bank recently. He was addressing a press conference held at Press Club along with other office-bearers of the federation.
“At the initial stage, the Government denied privatisation of IDBI Bank. But then it took U-turn and gave the public sector bank in private hands. Similarly, after the merger of Bank of Baroda, Vijaya Bank and Dena Bank, about 1,000 branches were shut down,” he highlighted. “Indian banks are strong enough to survive even during recessionary trends. It is so because most of them are in public sector field. But if private players come in to the scene, the banking system would collapse,” he observed. However, Tuljapurkar further said that the policy makers are making attempts to privatise the public sector banks to which the federation would oppose tooth and nail.
Tuljapurkar who is also Joint Secretary of the All India Bank Employees’ Association, further added that there is dearth of manpower in the public sector banks all over of the country. “As of now there is a shortage of more than 2 lakh employees in the bank. The shortfall is severely affecting the routine banking operations. Adding to the woes, the Government is expecting the bank employees to implement its various schemes. It is practically not feasible,” he said. Apart from this, Tuljapurkar raised various issues of the bank employees and officers and said the federation will ponder over these issues during the two-day conference and decide its line of action.
C H Venkatachalam, General Secretary of the AIBEA will inaugurate the conference while Padmashree Dr Ganesh Devy, renowned thinker and social worker will be the chief guest. In addition, Women’s Convention will be held on August 17 wherein Prof Shruti Tambe, HoD, Department of Sociology. Pune University, will be the keynote speaker. On August 18, Paromita Goswami, Founder of Elgar Pratishthan, will also address the gathering. Dr S Khandewale, Director R S Ruikar Institute of Labour and Socio-Cultural Studies; Dr Kalyan Kumar, Director of Elgar Pratishthan; Com B N J Sharma, Chairman of the Reception Committee; Swayamprakash Tiwari, General Secretary of BOMEA; Vijay Meshram, Working President of BOMOA; Suresh Bobhate, Estern Maharashtra Bank Employees Association; and Sudhir Kudupley - President of Bank of Maharashtra Employees Association; were also present.
R S Ruikar Institute conducts survey on effectivity of Govt schemes R S Ruikar Institute of Labour and Socio-Cultural Studies, Nagpur and Elgar Pratishthan, Chitegaon recently conducted a survey in Chandrapur district to study the effect of Pradhan Mantri Jan Dhan Yojana (PMJDY), MUDRA loan demonetisation on masses. The Banking Education, Training and Research Academy published the findings of the survey. A booklet containing details of the findings was unvailed here at the press conference by Devidas Tuljapurkar, General Secretary of AIBMEF, Dr S Khandewale, Director of R S Ruikar Institute of Labour and Socio-Cultural Studies; Dr Kalyan Kumar, Director of Elgar Pratishthan and others. Khandewale said that the survey was aimed at giving suggestions to the policy makers so as to make the schemes effective.