On Tuesday Finance Minister Nirmala Sitharaman said that the interests of the representatives of banks which are probably going to be privatized will be ensured. Sitharaman said that whether the pay rates or scale or annuity of the bank workers will be dealt with.
Sitharaman's remark went ahead the second day of the cross-country strike against the proposed privatization of the financial area and 'retrograde financial changes' by a great many bank representatives from the nation over. Nirmala Sitharaman likewise said that not all banks will be privatized, notwithstanding, any place the privatization is occurring, the privatized foundations also will keep on working after privatization and the interests of the representatives will be secured at any expense.
"We have declared a Public Enterprise Policy where we have recognized four regions where public area presence will be there. In this, the monetary area is there as well. Not all banks will be privatized. Interests of laborers of banks which are probably going to be privatized will totally be secured - regardless of whether their pay rates or scale or annuity, all will be dealt with," said Sitharaman. Tending to a press instruction in the midst of the 2-day strike by bank workers called by nine associations against the proposed privatization, Sitharaman said that we need banks to meet the goals of the country.
"Those banks which are probably going to get privatized, the interest of each staff part will make sure that they don’t get disturbed. The interest of existing representatives will be secured at all expenses. Public area endeavor strategy unmistakably says that we will proceed with PSBs. Interests of the laborers will totally be ensured," Sitharaman said.
This data comes around when a few banks the nation over required a cross-country strike on March 15-16 against the privatization of Public Sector Banks. Joined Forum of Bank Union, which is an umbrella collection of nine bank associations, with more than 10 lakh bank representatives and officials had called a two-day cross-country strike on March 15 and 16 against 'retrograde financial changes'. The strike came after Sitharaman's spending declaration where she reported the privatization of two public area banks (aside from IDBI Bank) as a feature of the public authority's disinvestment drive to produce Rs 1.75 lakh crore.