Jamshedpur, July 19: The United Forum of Bank Unions (UFBU), Jamshedpur Chapter observed July 19, the 48th anniversary of nationalisation of major banks, as ‘Save public sector banks’ day and up their ante against the central government’s anti-farmers and ant-workers policy.
All members of the union along with bank employees of all the nationalised banks wore a commemorative badge on the day, displayed posters in front of all branches, distributed leaflets and took out rally in Bistupur along with all centres across the country.
Members and employees of banks from West and East Singhbhum assembled at the State Bank of India Main Branch in Bistupur and took out a rally.
Public sector banks are made to bear the cross for the sins of the private corporate defaulters, said Sapan Das, convenor, UBFU, Jamshedpur.
These banks need to be defended and saved. They are nation-building institutions and must remain so. Social banking has to be strengthened and expanded.
The main challenge that they face today is the alarmingly increasing bad loans euphemistically known as non-performing assets.