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Time of India

Policies of Centre not beneficial to people: AIBEA chief

Mangaluru: All India Bank Employees Association (AIBEA) general secretary CH Venkatachalam said the policies being pursued by the central govt are not beneficial to the country and its people. Speaking at the 26th All India Conference of the All India Karnataka Bank Employees' Association (AIKBEA) at the Sanghaniketan here on Saturday, he said: "Whether certain policies being pursued by, not only this govt, but successive govts, are beneficial to the majority of people? In many indexes like the Global Hunger Index, India is at the bottom. We claim that we are progressing and are the fastest developing economy, and speak of Amrit Kaal, but while many enjoy Amrit, others are deprived of it. " Stating that the Constitution's core values are equality, fraternity, and justice, Venkatachalam said various reports indicate India is home to a large number of poor people. He questioned the logic of a section of society enjoying everything while others are deprived of the same. On work-life balance, he criticised leaders who are in favour of 70 to 90 hours of work a week. Lauding Karnataka Bank as a people's bank, Venkatachalam said customer service is important. He noted that banking is crucial for development in any developing country. Recalling AIBEA's contributions to the banking sector, he mentioned the amendment to Section 45 of the Banking Regulation Act. Reserve Bank of India (RBI) may consider a moratorium on a bank if it is not doing well and merge that bank with another bank. Earlier, banking services were available only for privileged people, he said. "The exploitation of bank employees should be prevented. AIBEA, founded 80 years ago, will ensure that your job is secure. We have to have a strong union, and AIBEA is committed to that purpose. Your problems will be taken care of by the union, and you take care of the union," he added. Karnataka Bank managing director and CEO Srikrishnan H and others were present. AIKBEA president Poornima P Rao presided.