CP of India congratulated the bank employees and their unions on their one-day successful strike.
ICP, 23 August 2017
The Central Secretariat of the Communist Party of India congratulated the bank employees and their unions for observing a successful one-day all India strike on August 22, 2017. The United Forum of Bank Unions has been demanding among others, provision of adequate capital to public sector banks. The Union government with an eye on privatising the PSU banks has been refusing to provide capital.
The Central Secretariat condemned the government stand and declared that it "extends party’s full support to the 17-point charter of demands". The statement said, "The party also feels that at a time when our country needs more and more banking facilities, the government is going ahead with its policy of amalgamation. All these seem to be aimed at helping the wilful defaulters of huge bank loans as is now becoming clear as the SBI has the maximum number and quantum of NPAs. All these loans were released befoCP of re SBI’s merger with its subsidiaries."