SAVE BANKS, SAVE NATION MASS PETITION TO HON’BLE SPEAKER, LOK SABHA

All our units and members are aware that the Government is stepping up

its measures to implement their reforms agenda.

On the one hand, efforts are being taken to dilute the Government’s

equity capital in public sector banks and on the other hand, private capital

is being encouraged in our banking sector.

Similarly, instead of expanding the Banks to further reach out to the

masses of the people, their agenda is consolidation and mergers.

We also observe that for the corporate defaulters, concessions after

concessions are given but poor farmers are harassed and haunted.

Instead of giving adequate capital to our public sector banks, they are

busy with FRDI Bill providing for liquidation of Banks.

While there is no hesitation to write off corporate loans, there are

attempts to pass on this burden on the shoulders of the customers by

increasing service charges and reduction in interest on Deposits.

Hence it is highly imperative that we must intensify our campaign

amongst the people at large about these anti-people banking policies and

build up a broader resistance movement to save our Banks. Recently, our

Joint Central Committee meeting held at Delhi has given the clarion call to

launch the campaign and mobilize public support.

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