Bank officers preparing for major agitation against privatisation

Ranchi: There is anger in the Bank Officers Union regarding the privatization of public sector banks against which the unions are preparing for a massive agitation. Sunil Kumar, advisor to the All India Bank Officers Association and General Secretary of Bank of India Officers Federation, during his stay in Ranchi, lodged his protest against the privatization of banks. Talking to reporters, he said that due to privatization, banks and common people will suffer a lot.

He said that the government wants to benefit a few corporate houses by privatizing banks. He said that against the number of branches of a public sector bank across the country, the private bank does not stand anywhere in front of it. He said that public sector banks are directly connected to all sections of people. The contribution of public sector banks in the implementation of development plans is not as much as that of private sector banks, he claimed. Sunil Kumar said that public sector banks are at the forefront of giving loans to self-help groups and farmers in rural areas. 

He alleged that reservation policy will also be affected by privatization and unemployment will increase. He said that their organisation will strongly oppose privatization and will inform the common people about its harm. He said that the officer's Associations are planning a mass movement that will force the government to change its decision.

He said that the foundation of the country is in the public sector which the government wants to ruin by handing it over to private hands. He said that everyone saw the way public sector banks helped the government and common people during the Corona period.