The government and the Indian Banks Association should pass necessary orders to various bank managements to pay statutory compensation to their employees for the overtime work they had done during the post-demonetisation period, Syndicate Bank Staff Association (SBSA) vice-president K.S. Bhatt has said.
Mr. Bhatt told The Hindu here on Tuesday that bank
employees across the country were happy that Prime
Minister Narendra Modi had acknowledged their dedicated service during the post-demonetisation days.
‘Educate people’
The SBSA leader called upon the bank employees to reject any kind of agitation against demonetisation and enlighten the common man about its merits.
It was unfortunate that certain union leaders appeared to be against bringing in any sort of control on cooperative banks, Mr. Bhatt alleged.
He said it was not correct to state that demonetisation had not
affected most businessmen as they used the overdraft facility to launder black money. “Any remittance over Rs.50,000 invariably requires the Permanent Account Number, lest the system will not accept it, and hence such arguments are baseless and politically motivated,’’ he added.
Mr. Bhatt alleged that certain trade unions were trying to misguide the employees as well as the public through such baseless statements.
Their arguments that the demonetisation should have been declared with adequate arrangements and also that the Reserve Bank of India had failed to print enough Rs.100 and Rs.500 denomination notes were aimed at furthering their political agenda, he said.
