- PM Modi visit USAOnly the mirror in my washroom and phone gallery see the crazy me : Sara KhanKarnataka rain fury: Photos of flooded streets, uprooted treesCannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfitRanbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A KissOscars 2022: Every Academy Award WinnerShane Warne (1969-2022): Australian cricket legend's life in picturesPhotos: What Russia's invasion of Ukraine looks like on the groundLata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)
Indian men's hockey team captain Harmanpreet Singh has been named Player of the Year 2024
- World Boxing medallist Gaurav Bidhuri to flag off 'Delhi Against Drugs' movement on Nov 17
- U23 World Wrestling Championship: Chirag Chikkara wins gold as India end campaign with nine medals
- FIFA president Infantino confirms at least 9 African teams for the 2026 World Cup
- Hockey, cricket, wrestling, badminton, squash axed from 2026 CWG in Glasgow
- FIFA : Over 100 female footballers urge FIFA to reconsider partnership with Saudi oil giant
AIBEA gearing up to turn around 10 weak banks Last Updated : 06 Apr 2017 10:07:49 AM IST File Photo
The All India Bank Employees' Association (Aibea) is gearing up with its suggestions on turning around ten weak banks, said a top leader.
"We are preparing with our viewpoints and suggestions to be made in the discussions with the respective banks," C.H. Venkatachalam, General Secretary of Aibea, told IANS late on Wednesday.
"A meeting of the leaders of our unions in these 10 banks will be held in Chennai on April 13 and 14 for this purpose," Venkatachalam said.
"We shall try our best to give positive suggestions to recover bad loans and to reduce expenses so that banks can bounce back to better health," he added.
Contrary to its earlier stand of infusing fresh capital in strong banks, the central government has infused fresh capital totalling Rs 8,586 crore into 10 weak banks subject to commitment to quarterly milestones by bank boards, management, employees and unions, he said.
The government had earlier said it would infuse capital subject to the condition that SBI Caps will draw a bank-wise action plan based on which a tripartite agreement between the government, bank management and employee unions will be signed committing themselves towards certain milestones.
According to Venkatachalam, the current thinking is that each bank would submit its turnaround plan to SBI Caps which in turn would study the same and make suggestions if any.
On Aibea signing the agreement for restructuring with the management, Venkatachalam said: "In the original proposal, government wanted us to sign an MoU (Memorandum of Understanding) empowering SBI Caps and managements of banks to finalise an MoU on turnaround and unions to implement it."
"After our taking up with government, now, it is agreed the final MoU on turnaround will be discussed with unions before it is finalised. The MoU also includes a new clause that the interests of the employees and officers will be kept in mind while finalising the... document. So we have signed the present MoU," Venkatachalam said.
"We may have differences with the government on some of their policies. We may have differences with the management on some of our demands. But we have absolutely no problem in working for the betterment of our banks."
"The public sector banks deal with people's money and these banks therefore belong to the people and the nation. We are committed for the successful performance of our banks and in their turnaround," Venkatachalam added.IANS For Latest Updates Please-
Join us on
Follow us on
172.31.16.186