AIBOC to Hold Protest March as Part of Save Public Sector Campaign

By 121 News

Chandigarh 06^th May:- Under the Banner of AIBOC, a large number of officers working in various banks of City staged a "Protest March" as a part of "Save Public Sector" Campaign in Banks Square, Sector-17, Chandigarh to create awareness among the public. The march was led by the senior leaders of various banks like Com. DPS Chhabra (SBI), Dr R K Sood (BOI), Dr Gautam Mehta (PNB), Com S N Sharma (Syn. Bank), Com. Harvinder Singh (SBOP), Com A S Walia (Canara Bank), Com. Sher Singh (Allahabad Bank), Com. R K Arora (UCo Bank), Com. H K Saini (IOB) and other office bearers of AIBOC. The protesting officers raised slogans highlighting the ill-designed motives of Government of India and role of public sector in the lives of common people of India by displaying banners, posters, play cards and distributing pamphlets.

Com. Deepak Sharma, State Secretary, AIBOC apprised the members that "Save Public Sector" Campaign was launched at Chennai by Com. Y Sudershan, General Secretary, AISBOF & President, AIBOC on the "Republic Day", the 26^th of January 2016 symbolizing the spirit of freedom. Privatization, Acquisition and Merger are nothing but the ways to deform the basic fabric of Public Sector character in the name of reforms.

Many Public Sector Undertakings like BSNL, MTNL and many State Electricity Boards etc. are already bleeding due to Government policies which are favoring the corporate houses and private individuals at the cost of national interest. Strategic sales are planned and general impression is being created that Public Sector particularly Public Sector Banks are not performing well. The image of Public Sector Banks is being tarnished by projecting the issue of NPAs in such a manner as if the creation of such big magnitude of NPA is solely on account of improper functioning of the Banks and its employees/officers, whereas the Government policies/directives which actually are responsible are not known to general public. The Govt. has been trying to introduce various amendments in this direction to dilute its equity, in the course of time and such attempts have to be resisted at all the levels. He referred to the revelation made in Rajya Sabha by Jayant Sinha that the top 50 defaulters of public sector banks had an exposure of Rs. 1,21, 832 Crores.