All India Bank Officers’ Confederation (AIBOC), Meghalaya unit will join the nation-wide protest to oppose privatisation of banks by the government.
The AIBOC, the apex organisation of bank officers in the country, is organising Bharat Yatras from different parts of the country, to mobilise public opinion against bank privatisation ahead of the winter session of Parliament, the union said in a statement today.
This will culminate in a ‘Bank Bachao, Desh Bachao’ rally at Jantar Mantar tomorrow.
The AIBOC said it has invited leaders of the farmer’s movement, trade unions, political parties and people’s organisations to the rally.
The government had amended the General Insurance Act in the monsoon session of Parliament. It is widely anticipated that it will introduce amendments to the Banking Companies (Acquisition and Transfer of Undertakings) Acts, 1970 and 1980 and the Banking Regulation Act, 1949 in order to pave the way for bank privatisation, it said.
Finance Minister Nirmala Sitharaman had announced privatisation of some public sector banks and PSU general insurers in the last Union Budget.