The All India Financial institution Staff Affiliation (AIBEA) has urged the Union Finance Minister to expedite the appointment of worker representatives on the boards of all public sector banks, primarily based on the revised checklist of names submitted by them.
“The posts of these employee and officer representative directors have been vacant in all the public sector banks for the past five years,” stated C.H. Venkatachalam, normal secretary, AIBEA.
“The list of names have been submitted to the bank managements and the government. But, for reasons not known to us, the appointments have not taken place and all these posts remain vacant and unfilled,” he stated.
He stated since a number of the workers, whose names had figured within the unique checklist, had since retired, the affiliation had submitted a revised checklist.
“Even after the revised list was submitted, the appointments had not been made. This had created a strong feeling in the minds of bank employees that the government did not want employee representatives on the bank boards. You will kindly appreciate that it is necessary to dispel such apprehensions and perceptions by expediting the appointments,” he wrote in a letter to the Finance Minister.
Mr. Venkatachalam talked about that beneath the Banking Firms (Acquisition and Switch of Undertakings) Act, 1970/1980, it’s essential to appoint a consultant of commerce union of workmen worker and a consultant of officers as administrators on the boards of all public sector banks.