AIBOC leaders met with the Leader of Opposition, Shri Rahul Gandhi, yesterday to bring attention to several critical issues plaguing the banking sector. The discussion encompassed the demand for five-day banking, the toxic work culture in public sector banks, lack of recruitment, unrealistic targets, and the absence of a level playing field. They also raised concerns about the aggressive push for selling third-party products, restricted credit access for the underprivileged through public sector banks, and the alarming practice of offering low-interest loans to intermediaries who, in turn, lend to the poor at exorbitantly higher rates.
Com Balachandra PM, President AIBOC, Sreenath Induchoodan, Senior Vice President, Com Pankaj Kapoor VP (Liason) from Bank of India, Com Upendra Kumar VP, Com Bogi Rajiv (Treasurer AIBOC Delhi) Com Preethi Sharma, Com Khushboo Khasera was in the delegation.
Rahul Gandhi has tweeted the conversation and video of the discussion. Read what Rahul Gandhi said:
Public Sector Banks were designed to give every Indian access to credit. The Modi government has turned these lifelines of the masses into private financiers for only the rich and powerful corporations.
I met with a delegation from the All India Banking Officers Confederation, who expressed their distress at the state of our public sector banks and the impact of it on common people.
- Public Sector Banks are being forced to prioritise profit over people and are thus unable to serve the public effectively
- With staff shortages and a toxic work environment, they are expected to reach unachievable targets without a level playing field
- Women employees are not given equal opportunity or advancement and forced to bear the brunt of dissatisfied public
Modi govt must stop using PSBs as an unlimited source of funds for their fraudulent friends. There’s also more to a public sector bank than a dividend cheque to the govt at the end of the year.
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