Bank Employees Union opposed to Employee Stock Purchase Scheme

The All India Bank Employees ‘ Association has said that it is opposed to the share sale of public sector banks’ capital to employees as it sees this as an attempt by the government to dilute its shareholding in these banks and boost its privatization agenda.

The association said that it has been opposing the sale of banks’ shares to private entities, both corporate and individuals. In the same breath, as a trade union, it is opposed to the sale of banks’ capital to employees.

Bank Employees

Bank Employees

 

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