“Public sector banks are made to bear the cross for the sins of the private corporate defaulters”, said C H Venkatachalam, General Secretary, All India Bank Employees Association. The United Forum of Bank Unions observed July 19, the 48th anniversary of nationalisation of major banks, as ‘Save public sector banks’ day.
Members wore commemorative badges and displayed posters in front of all branches, distributed leaflets demonstrations took place across the country.
“Everyone knows that the main share of this danger is contributed by the corporate defaulters who are taking our banks for a ride. It is high time that the government took stringent measures to recover the bad loans and take bold action against the big defaulters.” Venkatachalam said.