‘Bankers need to defend their legitimate rights’
   Date :17-Mar-2023

Business Bureau
The Federation of Bank of India Staff Union (FOBOISU) organised its 26th National Conference at Parvana Bhavan, Nagpur from March 13 to March 15, 2023. The gala event kicked off with a rally which commenced from Parvana Bhavan, Kingsway, amidst beating of drums and raising slogans of ‘AIBEA Zindabad’. Over 1,500 members from all States attended the Nation Conference along with the members from Nagpur who took part in the procession.
Suresh Bhobhate, General Secretary of Bank of India (BOI) Vidarbha Unit welcomed the guests on the dais.
The inaugural session took off after C H Venkatachalam, General Secretary of AIBEA hoisted the AIBEA flag and garlanded the bust of Late H L Parvana. C H Venkatachalam highlighted the achievements of 11th Bipartite Settlement besides briefing about the development of 5 day banking, updation of pension and negotiation of 12th Bipartite Settlement which has become due w.e.f. November 2022. Further, he said the bankmen have time and again displayed their determination to fight back and defeat the Governments illegitimate move of privatising nationalised banks and other profitable PSUs. “Bankers need to stary together and defend their legitimate rights.”
He also congratulated the FOBOISU who have already initiated talks with the management for recruiting more clerical and sub staff.
Amarjeet Kaur, General Secretary of AITUC said that the nationalisation of 14 banks in 1969, followed by six more in 1980, transformed the banking sector, created jobs, extended credit to the agriculture sector and benefited the poor.
Maxie Parera, Dinesh Jha Lallan, Manoj Verma, Nandu Chavan, B N J Sharma, Jaiwant Gurway and State leaders of FOBOI were present on the dais. On the concluding day, Dr Ved Prakash Mishra, Pro Chancellor, Dutta Meghe Institute of Medical Sciences addressed the national conference. He said the three main issues confronting the bankers are increasing level of NPAs in PSBs, capital adequacy of PSB and price to book value of PSB and these issues are to be addressed collectively.