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Central Bank of India staff to join all-India strike

Special Correspondent


Bank staff congress to write to Prime Minister

‘Outsourcing banking operations not regulated'


BANGALORE: Employees of the Central Bank of India will join the all-India strike called by the United Forum of Bank Unions (UFBU) on July 7, the general secretary of the All India Central Bank Employees' Congress (CBEC), Subhash S. Sawant, told The Hindu on Sunday.

Speaking on the sidelines of the fifth biennial conference of the organisation here, Mr. Sawant said CBEC leadership would write to Prime Minister Manmohan Singh, Congress president Sonia Gandhi and Union Finance Minister Pranab Mukherjee asking them to refrain from privatising public sector banks or diluting the Government's stake in them.

“The recent statements made by Deputy Chairman of the Planning Commission Montek Singh Ahluwalia calling for the scaling down of government stake in these banks have made us apprehensive. This is one of the main reasons for the July 7 strike,” he said.

He said the Central Bank of India's delay in the induction of modern technology had resulted in its decline. “Wider deployment of ATMs and quicker facilitation of online transactions would have resulted in the bank saving costs,” he said. On outsourcing of banking operations, J.S. Rao of Rashtriya Central Bank Officers' Congress said, “outsourcing of ATM operations by private operators is not regulated.”

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