17 August 2019: Canara Bank Officers’ Association (CBOA) is the Majority trade union with a membership of 30000+ officers. It is an apolitical organization affiliated with All India Bank Officers’ Confederation which is an umbrella organisation of more than 3 lakh officials of Indian Banking Industry. CBOA since its incorporation i.e. 1966 has continuously been working for welfare of officers’ community of Canara Bank and improving their working condition.
CBOA is conducting its Executive Committee Meeting on August 17th & 18th at hotel Vista Residency.
Speaking on the occasion, Sri.G.V.Manimaran, General Secretary, CBOA (General Secretary of All India Nationalised Bank Officers’ Federation & Senior Vice President of All India Bank Officers’ Confederation) said that some of the recent changes which present government has implemented in Banking sector had adversely affected the economy. Large scale mergers of Public Sector Banks have not only increased the woes of ailing Banks but also resulted in loss of potential job opportunities for general public (because many Branches have been closed/merged). Main problem being faced by PSBs are of NPAs most of which are due to defaults by corporate sector. Government is putting the blame of these NPAs on Bank officials instead of initiating strict recover measures and disclosing the names of defaulters.
Banks are writing off thousands of crores of bad debts which is directly benefiting the defaulters, but denying the rightful salary increase to bank employees.
He also said that the privatization is going to worsen the situation for poor people as private sector works for profits only but public sector banks work for welfare of downtrodden.
Sri. Vivek Srivastava, Regional Secretary, CBOA said that Bankers are always working for the best interest of poor people and protecting the public money. Public needs to understand this and support for retaining the status of Public Sector Banks.
Sri. Anshuman Singh, Deputy General Secretary, CBOA said that Public Sector Banks are bridge between public and Government for implementing all welfare schemes of Government and trade unions are fighting bravely for keeping this bridge intact.