Bank unions will intensify their struggle against privitisation of PSBs: Gurway

 

 

 

ON THE second successive day of the banks strike, the bank men yet again displayed their determination to fight back and defeat the Government’s illegitimate move of privatising nationalised banks and other profitable public sector units (PSUs). Showing their solidarity, all 9 unions of the bank, under the umbrella of United Forum of Bank Union (UFBU), had called for a two days nation-wide bank strike against Government’s policy to privatise two nationalised banks and anti workers policies. UFBU organised demonstration on the second day of their strike in front of Bank of India, Kingsway demanding withdrawal of proposed amendment in Banking Law and dropping of Privatisation Bill in totality. Suresh Bobhate, Joint Convener of UFBU, Nagpur Chapter while addressing the gathering said, “It is not clear whether privatisation brings efficiency or reduces as associated risks as compared to public sector banks (PSBs). Around the world, innumerable private banks have failed, thus challenging the notion that only private banks are efficient.”

 

Jaiwant Gurway, General Secretary of EMBEA, appraised the gathering about the present scenario. He said, “If the Government doesn’t consider reversing their stand of privatisation then the unions will intensify their struggle and may also go for indefinite strike to press their demands in protecting nationalised banks from privatisation.” Jaiwant Gurway, Chendil Iyer, Ashok Atkare, Anjali Rana, Snehal Wankhede and Sujata Lokde raised slogans against privatisation of banks and banking reforms policies of the Government.