Maharashtra state bank employees union protests government loan mela

The maharashtra state bank employees federation has warned against the union government’s “loan melas”, saying such programmes add to the non-performing assets (NPA) burden of public sector banks.

Npa level of public sector banks are then used as a justification to privatise them. The federation’s secretary, devidas tuljapurkar, said in a announcement the congress authorities earlier than “dispensed hundreds of crores” with the aid of setting up loan melas and now the present government is on the same lines.

As opposed to such programmes, the authorities must cope with policy problems along with effective legal structure for improving past due loans and timely appointment of board of directors. The government need to ensure uninterrupted electricity supply and bsnl connectivity to public sector bank branches to be able to supply uninterrupted customer service, said the federation.

Authorities have to make certain there may be ok recruitment in banks, burden of service charges on clients is reduced, and good enough and timely credit to small and medium farmers and enterprise, the assertion stated.

“we enchantment to the authorities for actual autonomy and professionalism in public area banks and to deal with above policy issues on the way to improve public sector banks,” stated the federation.