?Economy would have collapsed but for strong banks? | india | Hindustan Times
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?Economy would have collapsed but for strong banks?

IN THE open session during the sixth triennial convention of All India State Bank of Indore Officers Coordination Committee serious discussion took place on social changes in connection with economic and banking policies in national and international context.

india Updated: Jan 30, 2006 00:56 IST

IN THE open session during the sixth triennial convention of All India State Bank of Indore Officers Coordination Committee serious discussion took place on social changes in connection with economic and banking policies in national and international context.

Besides this exploitation by capitalists in the age of globalisation and liberalisation was also discussed.
Chief guest of this session Communist Party of India (CPI) national secretary D Raja said that Indians have always fought against imperialism.

He added they know that what is being done on the pretext of globalisation and liberalisation. Raja asserted that banking industry of the country is strong otherwise our economy would have collapsed long back. He maintained that there is lot of exploitation of the deprived section. He regretted that on one side there is prosperity and on another side there is shortage of drinking water. The task of understanding and changing this society lies ahead of us, he said.

All India Bank Officers Association general secretary RJ Shreedharan said that it was ironical that with introduction of new technology like core banking complaints related to consumer service have increased.

He added bank employees could work in shifts. Work can be done for 24 hours but it was necessary to pay attention to the condition in which work was done.

Shreedharran said that reserving 10 per cent from the membership amount of All India State Bank of Indore officers coordination committee for unorganised labourers was a historic step.

Comrade Ramanand spoke on the discrepancies in banks and on the mindset of bank employees.The session was conducted by officers coordination committee general secretary KS Bindal and vote of thanks was proposed by Amit Banerjee.