Vote for BJP in urban local bodies" poll for "triple engine" govt in UP: Adityanath

UP: Man booked for attempting to rape 5-year-old girl

Congress to mark 100 days of Bharat Jodo Yatra with concert in Jaipur

BJYM, Hindu outfits put off planned protest march at AMU

Karachi battles gas crisis; residents face unannounced load shedding, 2-hr gas supply in a day

Elderly man in judicial custody dies during treatment in UP hospital

Himachal Pradesh skittle Haryana for 46, take 200-run lead on Day 1

Pak court grants protective bail to PM Shehbaz"s son Suleman in money laundering case

British Library celebrates India ties with exhibition on Hampi

Nine policemen suspended after suspect dies in police custody in UP

Gangster"s property attached in UP"s Pratapgarh district

Maoists torch construction company vehicles in Jharkhand’s Chatra district

Sino-India border situation "generally stable": China on Yangtse clash

Babar Azam not taking advice from seniors, claims Shahid Afridi

Qlite Global launches their exclusive Grand Experience Centre

"Disillusioned with central leadership": Sikkim BJP president says he has resigned

2001 attack anniversary: Ready to guard new Parliament if directed, say CRPF heroes

Class 2 student dies after scuffle with fellow students in UP

Three killed in accident in UP"s Lakhimpur KheriLakhimpur Kheri (UP), Dec 13 (PTI) Three motorcycle borne youths were killed and "

Abandoned girl child from Assam adopted by Spanish professor

Home >> Ranchi

Bank staff plan strike to push for pay hike

| Friday | 24th February, 2017

Private sector banks are focussed on profits whereas public sector banks are focussed on social uplift. "Senior bank officials claimed that the government's policy is aimed at diluting the PSUs and bringing them under the government's control. Public sector banks have lost a lot of business due to demonetisation, however, we are being denied consolidation due to non-performing assets. Banks are left helpless when people continue to lead a lavish lifestyle despite being unable to pay the loan. "Union finance ministry officials indicated on Monday that public sector banks will not be consolidated until the situation of non-performing assets improves.On being asked why the non-performing asset has increased by Rs 79,977 crores within the last quarter, he said, "The government has provided no stringent laws to handle defaulters.

RANCHI: Bank officials sat on a dharna in front of the main branch of the important banks in the city on Thursday, demanding adequate compensation to public sector undertaking (PSU) banks and employees after demonetisation.They will continue to hold demonstrations till February 28 and have decided to go on an indefinite strike if their demands are not met.Prashant Shandilya, deputy general secretary of All India Punjab National Bank Officer's Association said, "Despite toiling for three months on the Prime Minister's call for action, bank officials have not been provided any compensation for their efforts. Public sector banks have lost a lot of business due to demonetisation, however, we are being denied consolidation due to non-performing assets."Union finance ministry officials indicated on Monday that public sector banks will not be consolidated until the situation of non-performing assets improves.On being asked why the non-performing asset has increased by Rs 79,977 crores within the last quarter, he said, "The government has provided no stringent laws to handle defaulters. Banks are left helpless when people continue to lead a lavish lifestyle despite being unable to pay the loan. Private sector banks are focussed on profits whereas public sector banks are focussed on social uplift."Senior bank officials claimed that the government's policy is aimed at diluting the PSUs and bringing them under the government's control. "Lack of participation by the management, placing bureaucrats in boards of banks and the proposed reforms in labour laws by the government are aimed at diluting the public sector banks," said Shandilya.Apart from compensation and the demand to not change labour laws, bank employees have also demanded that there should be only five working days in a week, effective appointments on compassionate grounds (recruiting a deceased employee's family member) and filling up currently vacant positions.

If You Like This Story, Support NYOOOZ

NYOOOZ SUPPORTER

₹ 10 - ₹ 1000

NYOOOZ FRIEND

₹ 2000 - ₹ 5000

Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.

Stay updated with all the Latest Ranchi headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.