The Hindu : Andhra Pradesh / Hyderabad News : RBI staff stage dharna

Online edition of India's National Newspaper
Wednesday, Jun 07, 2006

Andhra Pradesh

Andhra Pradesh - Hyderabad

RBI staff stage dharna

Special Correspondent

Government decides to hand over the functioning to "National Payments Corporation of India"

They are also against pension updation scheme of 2002
United Forum of Bank Unions, LIC and GIC extend support to agitators
P. Madhu, CPI (M) MP, says he will raise the issue in Parliament

`Outsourcing of clearing operations will be a threat to the banking industry'

HYDERABAD: Members of United Forum of Reserve Bank of India officers and employees on Tuesday staged a dharna opposing the handing over of clearing operations to a private outfit, "National Payments Corporation of India". They were also against pension updation scheme of 2002.

Unions join hands

This is the first time that four employees' organisations - RBI Workers' Union, RBI Employees' Association, RBI Officers' Association and All-India RBI Officers' Association have come together to oppose management's decision which they see as "taking away RBI's core function".

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