All India Bank Employees Association today flayed RBI Deputy Governor Viral Acharya’s remarks that it was time to re-privatise some nationalised banks and warned it would resort to a strike to oppose the move.
At a recent function in Mumbai, Acharya had said the time has come to re-privatise some nationalised banks.
“Perhaps re-privatising some of the nationalised banks is an idea whose time has come..This could reduce the overall money Government needs to inject as bank capital”, he had said.
AIBEA General Secretary, CH Venkatachalam said that the banks belong to people and represent the hard earned savings of the people and must remain so.
“It cannot be handed over to the profit greedy private sector. We demand withdrawal of these remarks by RBI Deputy Governor” and warned AIBEA would go on strike to oppose it.