“We are pressing for several demands. The most important is the Banking Laws (Amendment) Bill,” said Pradip Biswas, general secretary of Bank Employees Federation of India. Biswas alleged that the proposed amendment would lead to privatisation of banks and retrenchment of jobs.
Banking Laws (Amendment) Bill, which was tabled in parliament last year, seeks to raise voting rights ceiling in private banks. The proposed amendments also seek to exempt merger and acquisitions in banking sector from the purview of competition watchdog, the Competition Commission of India.
Biswas said the unions are also opposing the implementation of Khandelwal Committee recommendations on human resources issues. The committee recommends outsourcing of jobs and closure of many rural branches.