AIBEAAll India Bank Employees Association
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The strike has been called by AIBEA or AIBOA which have members in certain areas of our bank.
Figures released by the AIBEA in March 2013 showed he owed Rs 2,673 crore.
According to AIBEA, total non- performing assets ( NPAs) in public sector banks till September 2013 touched ` 2.
As the Reserve Bank of India ( RBI) and the Central government were not forthcoming in publishing the list of bank loan defaulters, AIBEA has released the list in public interest, Utagi said.
In a letter to the Election Commission, India's largest banking union, AIBEA, has complained that the central bank's hurry to grant new banking licenses is suspicious.
The AIBEA said that bad loans amounting to around INR1.
CH Venkatachalam of AIBEA said that bad loans were 'a systematic loot of public money' and added that big borrowers were the real culprits.
AIBEA president Rajen Nagar alleged the government's policies promoted private banks at the cost of nationalised ones.
AIBEA General Secretary C H Venkatachalam said, the bank employees belonging to All India Bank Employees' Association (AIBEA) and All India Bank Officers' Association (AIBOA) have on a day's strike refusing to accept the merger.
AIBEA is among the nine unions protesting against the banking sector reforms under an umbrella banner of the United Forum of Bank Unions.