E-Paper
BoB staff protest privatisation move
NORMAL FUNCTIONING in the branches of Bank of Baroda was adversely affected in eastern Uttar Pradesh region on Monday. The agitated employees of Bank of Baroda were protesting issuance of bank?s public issues and move of privatisation of banks.
NORMAL FUNCTIONING in the branches of Bank of Baroda was adversely affected in eastern Uttar Pradesh region on Monday. The agitated employees of Bank of Baroda were protesting issuance of bank’s public issues and move of privatisation of banks.
As part of their one-day nation-wide strike on the call of All India Bank Employees’ Association, the employees of Bank of Baroda under the banner of different Bank employees association registered their protest by boycotting their work. All the branches of Bank of Baroda were open today but employees did not entertain customers and abstained from official work. Normal functioning was affected in 109 branches of Bank of Baroda in the region of eastern Uttar Pradesh.
Acting general secretary of Bank of Baroda Staff Association, PK Ghosh criticised the bank authority for opening public issue of the bank today. He further added that percentage of government’s share in Bank of Baroda would be reduced upto 53 per cent from 67 percent.
“Opening of 14 percent share for the public is a step forward in the direction of privatisation,” he said and added that if the bank authority did not withdraw the decision of opening the public issue, the employees of Bank of Baroda would intensify their agitation.
Prominent bank employees leaders including, AS Pandit, SP Rai, IG Indocha, JK Das, PN Mehlotra, AK Mehlotra, Devashish Bose and others, were of the view that it was injustice with the bank employees to take the decision of launching public issue of the bank. They added that bank employees would not tolerate the apathetic attitude of bank authorities to ignore the interests of employees while taking such a decision.
Meanwhile, Bank of Baroda organised an investors meet regarding opening of the Bank’s public issue in Varanasi today. Dr VK Verma, general manager of eastern Uttar Pradesh (Bank of Baroda), addressed the investors and declared the opening of public issues.
