AISBIEF (SBP) CIR NO.04/2017 Dated : 1St May,2017

AISBIEF (SBP) CIR NO.04/2017 Dated : 1st May,2017

FOR ALL MEMBERS:

Dear Comrades,

We reproduce here below Circular dated 29th April, 2017 issued jointly by Com.C.H.Venkatachalam, General Secretary, AIBEA & Com. S. Nagarajan, General Secretary, AIBOA, for the information of our members. We request our members to make all out preparations for Massive Morcha to Parliament on 15th Sept,2017.

With greetings, Yours comradely,

Naresh Gaur, General Secretary

Massive Morcha to Parliament on 15th September, 2017 By 50,000 members of AIBEA and AIBOA

Our units and members are aware that it was decided in our recent Conferences held at Hyderabad and Chennai to continue and intensify our struggles against the increasing attacks and challenges in the form of banking reforms. The challenges are all well-known to all of us and day by day, the Government is trying to speed up their agenda. Government is refusing to adequate capital to the Banks, and even if it is to be given, all types of conditionalities are being insisted upon.

Few days ago, RBI Governor Urjit Patel has spoken in a meeting that merger is the only solution for the stresses of the Banks. Again, RBI Dy. Governor Viral Acharya has said that some of the nationalised Banks have to be re-privatised. But they have no time to talk about stringent measures to recover the huge bad loans contributed by the corporate defaulters.

Looters of public money and those responsible for huge bad loans in the banks are given concessions but ordinary bank customers are levied heavy service charges and penalties. Private sector which is the main contributor of the massive bad loans in the Banks are given banking licenses.

It is quite obvious that there would be more and more attacks on public sector banking. In the 28 th February, All India Strike we highlighted these issues and problems. In order to continue our struggles, create more awareness amongst the people, to enlist further support to our demands and to focus public attention, we are now launching a national campaign programme to be observed by our units all over the country which will culminate in a massive Morcha to Parliament on 15th September, 2017 ( Friday) at Delhi when our Memorandum will be submitted to the Prime Minister.

Since the booking of tickets can be done 4 months prior, we are advising all our units to move from now on to make it a massive protest programme. With greetings, Yours comradely,

S. NAGARAJAN C.H. VENKATACHALAM GENERAL SECRETARY GENERAL SECRETARY AIBOA AIBEA

CLARION CALL FROM AIBEA & AIBOA MOVE FROM NOW ON MASSIVE MORCHA TO PARLIAMENT ON 15TH SEPTEMBER, 2017 BY 50,000 EMPLOYEES AND OFFICERS AGAINST ANTI-PEOPLE BANKING REFORMS

PEOPLE’S MONEY FOR PEOPLE’S WELFARE , NATIONAL SAVINGS FOR NATIONAL DEVELOPMENT –NOT FOR PRIVATE CORPORATE LOOT

TAKE STRINGENT MEASURES TO RECOVER BAD LOANS BEFORE NPAs KILL OUR BANKS

PUBLISH THE LIST OF BIG LOAN DEFAULTERS – DON’T SHIELD THEM

WHY PRIVATISE THE BANKS, WHEN PRIVATE SECTOR IS RESPONSIBLE FOR THE HUGE BAD LOANS IN BANKS

WHAT IS THE LOGIC IN SUGGESTING RE-PRIVATISATION OF SMALL PSBs WHEN RBI GIVES LICENCE TO CORPORATES TO START SMALL PRIVATE BANKS

WHY THE DOUBLE STANDARD - HUE AND CRY ON FARMERS’ LOAN WAIVER BUT WRITE OFF HUGE LOANS OF KINGFISHER MALLYA & OTHER CORPROATES, INDUSTRIALISTS AND BIG BUSIENSS

RAISE YOUR VOICE IN PROTEST TO RESIST PRIVATISATION TO DEFEND PUBLIC SECTOR BANKS

GET READY FOR PARLIAMENT MORCHA ON 15TH SEPT. 2017

AIBEA – AIBOA always in public interest