Hyderabad, March.14 (NSS): Staff of the Regional Rural Banks (RRBs) all over the country will go on three day strike from March 26, opposing the proposal of privatization and demanding parity in service conditions.
A Round Table meeting was organized at NSS here today on the subject of proposal of privatization. Prof. K Nageswar, Ex-MLC inaugurated it. S Venkateswar Reddy, General Secretary, AIRRBEA, conducted the proceedings. B. Ravikanth, President, APTRRBEA presided over. Various Trade Union Leaders from Banks & Insurance participated in it. They included P Venkatramaiah, BEFI, APT, V Anil Kumar, AIBOA, G Kranthi, RBIEA, T Venkata Swamy, INBEF, Y Janaki Ram, AIBEA, and G Thirupathaiah, LIC, ICEU.
The Round Table unanimously opposed any proposal of infusion of private capital in RRBs, which will jeopardize the interests of rural people and rather demanded upon GOI to continue RRBs by more strengthening them under public sector to avert crisis in rural economy, the leaders informed the media later.
All Unions in the RRBs under the name of United Forum of RRB Unions (UFRRBU) are on agitation against this proposal and staging a Mass Dharna on March 20, at Delhi and going on Nationwide strike on 26 th , 27 th and 28 th March 2018. “We are demanding opening of more branches in rural areas, more recruitments as per Mitra committee and strengthening of RRB system in the country”, they said.
They said that RRBs are now under 100% Government ownership in the ratio of – GOI (50%) , State Government (15%) and Sponsor Bank (35%) . There are 56 RRBs in the country operating in 676 districts with a net work of over 21500 branches, catering to about 31 crore rural customers. As a system in whole country, they are earning profits, barring six in J& K, North East, Odisha. The accumulated reserves by way of profits is Rs. 23120 crores, including Rs. 2576 crore profits of latest year. They have so far paid over Rs.10,000 crore of Income Tax to GOI, apart from generating direct ad indirect employment in the country.
Now, NABARD vide it’s letter dated 12 th February 2018 had circulated draft guidelines for infusion of private capital in the RRBs and the sponsor banks are gearing up to infuse private capital in highly profit making RRBs, against the very objectives and establishment of RRBs, they said and appealed to all the People’s representatives and Political Parties to support them to stall such unwarranted privatization proposal.(NSS)