19th Jul 2017 10:07:PM State
Eastern Sentinel Arunachal News

The employees of several public sector banks in the twin capital city observed “save public sector bank day” here today to protest against the privatization of banks and several anti-customers rules and regulations framed by the central government. More than 26 Public Sector Banks of the twin capital cities voluntarily extended their support for the cause.
Addressing media persons at the premises of the State Bank of India Regional Office at Bank Tinali, the SBI Officers Association (NE Circle) and state Secretary of All India Bank Officers Confederation, Bengia Tabb said that the recent decision of the government to privatize public sector banks has changed the banking map, evoking tension among major private banks across India.
 ‘The achievement and contribution of the public sector banks have been phenomenal and unprecedented and today banking services have touched the lives of every Indian citizen and hundreds of branches have been made to reach out to the masses,’ Tabb added.
However despite their achievements and contribution of all these PSBs the central government has been adamant on pushing through reforms agenda of privatization and consolidation of our banks with view to hand over these great financial institution to private vested interests, he added.
Citing that merger of PSBs into big banks has been disastrous plan proved in the past in different parts of the world, Tabb said the government is pursuing a fatal policy risking the hard earned savings of the common people and levied additional charges for banking services, which may be misunderstood by the common people that banks are charging the fees.
Tabb said that the banks are facing abnormal growth of loans called as NPAs which have reached danger level threatening the very sustainability and viability of our banks.

Kenter Joya Riba

(Managing Editor)
      She is a graduate in Science with post graduation in Sociology from University of Pune. She has been in the media industry for nearly a decade. Before turning to print business, she has been associated with radio and television.
Email: kenterjoyaz@easternsentinel.in / editoreasternsentinel@gmail.com
Phone: 0360-2212313

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