All India Bank Officers Confederation (AIBOC), which has membership of around 2,85,000 officers, has opposed the parameters suggested by the Centre for a turn around of public sector banks.
In a statement, the confederation said it had been served the broad parameters for turnaround of public sector banks as suggested by Department of Financial Services (DFS), Ministry of Finance, Government of India.
Some of the suggestions include focus on bringing down expenses (excluding salaries) by at least 25% in the next three years (about 8% each year), closing down, relocation or merger of branches that had been incurring losses for more than five years, outsourcing of functions and reduction of non-performing assets by at least 0.5% each quarter, it added.
‘Protect the pay’
“We would like to State in clear terms that we will not sign the turnaround plan on the terms and conditions as directed by the DFS. Rather, we would negotiate for a better turnaround plan which does not impact the salaries and perks of the employees and officers and which does not insist on outsourcing of employees and closing down of the branches,” All India Bank Officers Confederation said.
It sought representation of officers and employees in the board of the banks and making public the list of wilful defaulters and treating them as criminal offenders.
The confederation demanded immediate release of compensation to banks for the expenditure incurred in opening 27 crore Jan Dhan Accounts and for the cost incurred along with opportunity cost due to demonetisation.
It opposed move towards merger and privatisation of the public sector banks.
The confederation has decided to organise demonstrations on Mondays in State capitals, district headquarters and also in other important centres in support of its demands.
