Staff Reporter

KOLLAM: National general secretary of the All India Bank Employees Association (AIBEA) C.H. Venkatachalam said that the two-day nation wide bank strike was in fact to protect the interests of the people. He was addressing a gathering at Alapad at a function on Sunday for handing over a building constructed by the AIBEA under the tsunami rehabilitation scheme to house the ayurveda hospital there to the government.

Mr. Venkatachalam said that the demands raised through the strike were to protect the public sector banks and prevent the onslaught of foreign investment. While in the United States and England moves are afoot to nationalize the banks that have entered the red, in India moves are afoot to privatise the nationalized banks.

He said that while fighting for rights, the AIBEA had never forgotten its social commitments. The building constructed at a cost of Rs. 25 lakh at Alapad is one such instance.

At the function he handed over the keys of the building to the president of the Alapad Grama Panchayat G. Rajadas.